Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

begin{tabular}{|r|r|r|r|r|} hline 98 & $1,369,920 & 98 & $13,041,250 hline 100 & $1,147,533 & $998,000 & 99 & $13,000,000 hline 101 & $926,678

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed \begin{tabular}{|r|r|r|r|r|} \hline 98 & $1,369,920 & 98 & $13,041,250 \\ \hline 100 & $1,147,533 & $998,000 & 99 & $13,000,000 \\ \hline 101 & $926,678 & 100 & $10,000,000 \\ \hline 102 & $442,114 & 101 & $8,840,000 \\ \hline 103 & $20,840,625 & 102 & $4,952,380 \\ \hline 104 & $13,680,000 & 103 & $3,248,000 \\ \hline 105 & $10,812,500 & 104 & $3,000,000 \\ \hline 106 & $9,500,000 & 105 & $2,134,067 \\ \hline 107 & $6,813,050 & & \\ \hline 108 & $4,000,000 & & \\ \hline 109 & $3,666,667 & & & \\ \hline 110 & $2,000,000 & & & \\ \hline 111 & $1,877,752 & & & \\ \hline 112 & $1,687,320 & & & \\ \hline 113 & $1,015,440 & & & \\ \hline 114 & $711,517 & & & \\ \hline 115 & $442,114 & & & \\ \hline 116 & $11,000,000 & & & \\ \hline 117 & $9,000,000 & & & \\ \hline 118 & $8,640,000 & & & \\ \hline 119 & $8,600,000 & & & \\ \hline 120 & $7,140,000 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{2019 Contract } & \multicolumn{2}{|c|}{2018 Contract } \\ \hline Player & Annual Salary & Player & Annual Salary \\ \hline 1 & $14,983,603 & 1 & $13,500,000 \\ \hline 2 & $14,232,566 & 2 & $13,488,378 \\ \hline 3 & $10,000,000 & 3 & $4,466,040 \\ \hline 4 & $5,757,818 & 4 & $4,000,000 \\ \hline 5 & $5,636,142 & 5 & $3,745,800 \\ \hline 6 & $4,023,720 & 6 & $3,631,451 \\ \hline 7 & $4,000,000 & 7 & $3,250,000 \\ \hline 8 & $2,500,000 & 8 & $3,174,240 \\ \hline 9 & $2,071,680 & 9 & $2,860,000 \\ \hline 10 & $1,500,000 & 10 & $2,243,543 \\ \hline 11 & $797,581 & 11 & $1,927,080 \\ \hline 12 & $797,581 & 12 & $783,000 \\ \hline 13 & $711,517 & 13 & $729,000 \\ \hline 14 & $711,517 & 14 & $427,163 \\ \hline 15 & $442,114 & 15 & $305,798 \\ \hline 16 & $24,751,934 & 16 & $23,751,934 \\ \hline 17 & $18,388,430 & 17 & $16,360,090 \\ \hline 18 & $18,077,903 & 18 & $16,000,000 \\ \hline 19 & $4,078,880 & 19 & $4,230,912 \\ \hline 20 & $3,206,897 & 20 & $3,206,000 \\ \hline 21 & $2,700,000 & 21 & $3,000,000 \\ \hline 22 & $2,500,000 & 22 & $1,868,141 \\ \hline 23 & $1,315,080 & 23 & $1,500,000 \\ \hline 24 & $957,120 & 24 & $1,229,280 \\ \hline 25 & $797,581 & 25 & $770,610 \\ \hline 26 & $711,517 & 26 & $687,456 \\ \hline 27 & $711,517 & 27 & $650,000 \\ \hline 28 & $542,114 & 28 & $427,163 \\ \hline 29 & $9,537,500 & 29 & $130,662 \\ \hline 30 & $9,500,000 & 30 & $11,111,110 \\ \hline 31 & $9,000,000 & 31 & $9,500,000 \\ \hline \end{tabular} 2018 and 2019 differ in the variances of players annual salaries. (i) Set up the appropriate hypotheses. (ii) What is your test-statistic and its value (in three decimal places)? (iii)What is your p-value? (in three decimal places) (iv) What can you conclude with 95% confidence? (i) Hypotheses Setup (ii) test-statistic ) p-value (iv) conclusion \begin{tabular}{|c|c|c|c|} \hline 32 & $6,286,548 & 32 & $5,450,000 \\ \hline 33 & $6,049,400 & 33 & $5,427,607 \\ \hline 34 & $6,049,400 & 34 & $3,887,880 \\ \hline 35 & $5,585,000 & 35 & $3,274,440 \\ \hline 36 & $5,000,000 & 36 & $2,750,000 \\ \hline 37 & $4,148,715 & 37 & $2,376,000 \\ \hline 38 & $2,661,026 & 38 & $1,944,000 \\ \hline 39 & $2,208,960 & 39 & $1,862,160 \\ \hline 40 & $1,276,320 & 40 & $1,137,000 \\ \hline 41 & $442,114 & 41 & $770,610 \\ \hline 42 & $125,379 & 42 & $770,610 \\ \hline 43 & $107,908 & 43 & $687,456 \\ \hline 44 & $26,007 & 44 & $427,163 \\ \hline 45 & $12,827,676 & 45 & $349,041 \\ \hline 46 & $10,000,000 & 46 & $12,000,084 \\ \hline 47 & $9,385,000 & 47 & $11,000,000 \\ \hline 48 & $8,000,000 & 48 & $8,500,000 \\ \hline 49 & $7,151,183 & 49 & $6,453,416 \\ \hline 50 & $6,404,749 & 50 & $4,881,669 \\ \hline 51 & $4,822,800 & 51 & $3,505,320 \\ \hline 52 & $3,749,880 & 52 & $3,320,339 \\ \hline 53 & $2,295,480 & 53 & $3,248,000 \\ \hline 54 & $1,931,160 & 54 & $2,135,400 \\ \hline 55 & $1,742,760 & 55 & $1,928,598 \\ \hline 56 & $1,141,838 & 56 & $1,805,160 \\ \hline 57 & $1,136,048 & 57 & $1,629,120 \\ \hline 58 & $711,517 & 58 & $1,044,120 \\ \hline 59 & $100,000 & 59 & $427,163 \\ \hline 60 & $14,500,000 & 60 & $427,163 \\ \hline 61 & $14,410,581 & 61 & $108,047 \\ \hline 62 & $13,275,000 & 62 & $15,500,000 \\ \hline 63 & $10,841,615 & 63 & $13,041,250 \\ \hline 64 & $8,353,000 & 64 & $12,000,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline 65 & $7,312,500 & 65 & $10,142,156 \\ \hline 66 & $5,784,480 & 66 & $6,703,125 \\ \hline 67 & $4,696,250 & 67 & $5,356,000 \\ \hline 68 & $3,850,000 & 68 & $5,205,000 \\ \hline 69 & $3,700,000 & 69 & $4,250,000 \\ \hline 70 & $1,329,480 & 70 & $4,172,432 \\ \hline 71 & $1,262,475 & 71 & $3,162,854 \\ \hline 72 & $797,581 & 72 & $1,889,760 \\ \hline 73 & $442,114 & 73 & $1,200,000 \\ \hline 74 & $239,311 & 74 & $770,610 \\ \hline 75 & $21,372,000 & 75 & $687,456 \\ \hline 76 & $18,077,904 & 76 & $122,391 \\ \hline 77 & $11,553,000 & 77 & $45,330 \\ \hline 78 & $9,945,000 & 78 & $16,360,090 \\ \hline 79 & $9,696,000 & 79 & $10,590,500 \\ \hline 80 & $7,000,000 & 80 & $9,000,000 \\ \hline 81 & $5,050,000 & 81 & $8,398,000 \\ \hline 82 & $1,800,000 & 82 & $6,750,000 \\ \hline 83 & $1,600,000 & 83 & $5,200,000 \\ \hline 84 & $1,572,960 & 84 & $4,840,170 \\ \hline 85 & $1,500,000 & 85 & $4,350,000 \\ \hline 86 & $972,581 & 86 & $3,995,003 \\ \hline 87 & $826,269 & 87 & $3,750,000 \\ \hline 88 & $826,269 & 88 & $3,100,000 \\ \hline 89 & $711,517 & 89 & $2,369,111 \\ \hline 90 & $14,431,818 & 90 & $2,146,000 \\ \hline 91 & $14,410,581 & 91 & $1,830,000 \\ \hline 92 & $11,050,000 & 92 & $1,680,600 \\ \hline 93 & $9,680,000 & 93 & $1,033,930 \\ \hline 94 & $4,985,001 & 94 & $974,400 \\ \hline 95 & $3,862,600 & 95 & $770,610 \\ \hline 96 & $1,939,893 & 96 & $687,456 \\ \hline 97 & $1,824,493 & 97 & $19,195,312 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Madhav, Charles, Srikant

15th Edition

933254221X, 978-9332542211

More Books

Students also viewed these Accounting questions

Question

What does the coefficient of determination measure?

Answered: 1 week ago