Refer to the Baseball 2019 data that report information on the 30 Major League Baseball teams for
Question:
Refer to the Baseball 2019 data that report information on the 30 Major League Baseball teams for the 2019 season. Create a frequency distribution for the Team Salary variable and answer the following questions.
a. What is the typical salary for a team?
b. What is the range of the salaries?
c. Comment on the shape of the distribution. Does it appear that any of the teams have a salary that is out of line with the others?
d. Draw a cumulative relative frequency distribution of team salary. Using this distribution, 40% of the teams have a salary of less than what amount? About how many teams have a total salary of more than $165 million?
Step by Step Answer:
Basic Statistics In Business And Economics
ISBN: 9781260597578
10th Edition
Authors: Douglas A. Lind, William G. Marchal, Samuel A. Wathen