F IL E American football is the highest paying sport on a per-game basis. Given that the quarterback is considered the most im portant player on an NFL team, he is typically well-compensated. Consider a portion o f the following quarterback salary data in 2009; the complete data set labeled Q u a r t e r b a c k S a la r ie s can be found on the text website.

a. Use Excel to compute and interpret the mean and median salary of a quarterback.

b. Use Excel to compute and interpret the range and the standard deviation of quarterback salaries. R-69

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Name Salary (in 5 millions) Philip Rivers 25.5566 Jay Cutler 22.0441 Tony Romo 0.6260