Question

The receipts and year of release of the five movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release, convert the receipts for each to real dollars for the year 2012 (2012 CPI 229.6). Which movie had the largest real box office receipts?Movies - Nominal

Box Office Receipts (millions) - Year Released - CPI in Year Released.
Avatar - $760.50 - 2009 - 214.5
Titanic - 600.8 - 1997 - 160.5
Star Wars - 461 - 1977 - 60.5
Shrek 2 - 437.2 - 2004 - 188.9
E.T. The Extra-Terrestrial - 399.9 - 1982 - 96.5
FORMULA: Original value * CPI of 2010 (218.1) / CPI of Original year

Answer 1

my brain hurts just looking at that

Step-by-step explanation:

Answer 2

The maximum receipts is for Star Wars and it is 1749.5 Million Dollars.

Step-by-step explanation:

`Original Value)*CPI of 2012/CPI of Original year`

`Avatar=760.50*229.6/214.5`

`= 814.03 Million Dollars`

`Titanic=600.8*229.6/160.5`

`= 859.46 Million Dollars`

`Star Wars=461*229.6/60.5`

`= 1749.5 Million Dollars`

`Shrek 2=437.2*229.6/188.9`

`= 531.39 Million Dollars`

`E.T The Extra Terrestrial=399.9*229.6/96.5`

`= 951.47 Million Dollars`

The maximum real box office receipts is of Star Wars that is 1749.5 Million dollars in 2012.