ImageMagick is not installed is the problem.
The easiest way to install it is using a repo(sitory).
Here are the two most common ways to install imagemagick
Under RedHat/Fedora/CentOS
yum install imagemagick
Under Debian/Ubuntu
apt-get install imagemagick
Run either one of those from the terminal.
Alternately, you can go to the directory that you extracted ImageMagick to and see if there is a file called makefile or install
If there is a makefile, run
make && make install
If there is an install file, make it executable by typing
chmod +x install
Then execute the install file
./install
Hope that helps.