The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The following table shows the winners since 2000, their margin of victory, the winning time, and the payoff on a $2 bet. 3 Winning Margin Winning Time Payoff on a $2 Year Winner (lengths ) (minutes ) Bet Fusaichi 2000 1. 50 2 . 02000 2.30 Pegasus 2001 Monarchos 4.75 1. 99950 10.50 02:06:06 2002 War Emblem 4.00 2. 01883 20.50 2003 Funny Cide 1 . 75 2. 01983 12. 80 2004 Smarty Jones 2.75 2. 06767 4. 10 2005 Giacomo 0. 50 2. 04583 50.30 2006 Barbaro 6.50 2. 02267 6. 10 2007 Street Sense 2.25 2. 03617 4.90 2008 Big Brown 4. 75 2.03033 6.80 2009 Mine That Bird 6.75 2. 04433 103.20 2010 Super Saver 2.50 2. 07417 18.00 2011 Animal Kingdom 2.75 2. 03400 43.80 2012 I'll Have Another 1. 50 2. 03050 32 . 60 2013 Orb 2.50 2 . 04817 12 . 80 2014 California 1. 75 2. 06100 7.00 Chrome 2015 American 1.00 2. 05033 7.80 2016 Nyquist 1. 25 2 . 01517 6.60 2017 Always Dreaming 3.75 2. 03983 11 . 40 2018 Justify 2.50 2.04333 7.80 Click here for the Excel Data File Required: a. Determine the mean and median for the variables winning time and payoff on a $2 bet. (Round "Winning time" to 5 decimal places and "Payoff" to 2 decimal places.) winning time Payoff Mean 2.036929 19.43 Median 2.03617 $ 10.50a. Determine the mean and median for the variables winning time and payoff on a $2 bet. [Round \"Winning time\" to 5 decimal places and \"Payoff" to 2 decimal places} b. Determine the range and standard deviation of the variables winning time and payoff on a $2 bet. {Round "Winning time\" to 5 decimal places and "Payoff\" to 2 decimal places.) Standard deviation c-1. Refer to the variable winning margin. What is the level of measurement? O Ratio Ordinal O Nominal O Interval c-2. What measure of location would be most appropriate? O Mode O Median O Mean