Need help answering the following sports economics questions

0 Explain what competitive balance is and discuss fans and owners' perspective on competitive balance. 0 Give a brief history of competitive balance in the EPL, describe the tool(s) used to promote competitive balance in the EPL and the limitations of these tool(s). 0 Go to the EPL website (httpsz/zwww.premierleague.com/tables) and for the seasons 2019/20 and 2020/21, compute the standard deviation of winning percentage and the ratio of actual to ideal standard deviation. Was competitive balance in 2020/21 season better or worse than it was in 2019/20 season? Please show workings. 0 Did the HerfindahI-Hirschman Index (HHI) for the EPL over the tenyear period (2011/12 to 2020/21) improve or not compared to the tenyear period (20062007 to 20152016). The HHI value for tenyear period (20062007 to 20152016) is 0.34. Please show workings. 0 Based on your discussions and calculations, elaborate/conclude on the level of parity in the EPL