The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were aimed at restricting the formation of cartels and monopolies to protect consumers and ensure competition. The article The Oligopoly Problem argued that oligopolies fall through the cracks of these regulations and leave consumers unprotected from harmful business practices where industries are highly concentrated. Read the article and respond to the following in your initial post: What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers. Do you agree with the author’s feelings about increased government oversight of such industries? Why or why not? website for article is http://www.newyorker.com/tech/elements/the-oligopoly-problem
June 21, 2017
Project 2
June 21, 2017

Assignment mini project.

Assignment mini project.
Purpose of Assignment
This assignment provided students with practice in understanding the relationship of averages and standard deviation to make an informed business decision about the
gross income performance of each movie genre. Students will learn to implement the use of these statistical measures for better business decision-making.
Resources: Week 2 Videos; Week 2 Readings; Statistics Lab
Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office
products.
Assignment Steps
Refer to Mini-Project Movie Data Set 1. UPDLOADED
Analyze and write a report summarizing this data. This report should include answers to at least the following questions:
Calculate the summary measures (the mean, standard deviation, five-number summary, and interquartile range) of the total gross income for each movie genre.
Which genre had greater variability in total gross income? Explain why.
Draw a box-and-whisker plot of a movie’s length of time (minutes) by genre. Are there any differences in movie lengths when compared across genres? Are there any
outliers?
Use the mean movie gross income for each genre to compare the movie opening gross income.
Choose an appropriate statistical measure to compare the consistency of movie gross income.
Make the calculations and write a 700-word report comparing the total movie gross income and the consistency of movie opening gross by genre.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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