Refer to the Baseball 2012 data that report information on the 30 Major League Baseball teams for

Question:

Refer to the Baseball 2012 data that report information on the 30 Major League Baseball teams for the 2012 season. Create a frequency distribution for the the team payroll variable and answer the following questions.

a. What is the typical payroll for a team? What is the range of the payrolls?

b. Comment on the shape of the distribution. Does it appear that any of the teams have a payroll that is out of line with the others?

c. Draw a cumulative frequency distribution. Thirty percent of the teams have a payroll of less than what amount? About how many teams have total payroll of less than $100,000,000?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...