You are working for a group of investors who are thinking about investing in a baseball team. Your job is to provide some of the statistical analyses for the group.

The problem sets provide you opportunities to apply the statistical concept to real-world applications that emphasize why we care about this. You also have a chance to use statistical software to handle data and interpret results

1)Indicate the sample mean payroll price in millions. Round your result to the nearest million. ( e.g. for 1.2 million, write 1.2 not 1,200,000 )

2)Indicate the corresponding standard deviation. Round your result to the nearest million.

3)Your next step is to do descriptive statistics on the variables that you will be using: number of wins and payroll in millions of dollars.

Based on the summary statistics, what is the average number of wins?

4)What is the maximum payroll measured in million dollars?

Here is the Baseball.csv data. Team Payroll Wins Arizona Diamondbacks $73,572,667.00 70 Atlanta Braves $96,726,167.00 86 Baltimore Orioles $67,101,667.00 64 Boston Red Sox $122,696,000.00 95 Chicago Cubs $135,050,000.00 83 Chicago White Sox $96,068,500.00 79 Cincinnati Reds $70,968,500.00 78 Cleveland Indians $81,625,567.00 65 Colorado Rockies $75,201,000.00 92 Detroit Tigers $115,085,145.00 86 Florida Marlins $36,814,000.00 87 Houston Astros $102,996,415.00 74 Kansas City Royals $70,908,333.00 65 Los Angeles Angels $113,709,000.00 97 Los Angeles Dodgers $100,458,101.00 95 Milwaukee Brewers $80,257,502.00 80 Minnesota Twins $65,299,267.00 87 New York Mets $135,773,988.00 70 New York Yankees $201,449,289.00 103 Oakland Athletics $62,310,000.00 75 Philadelphia Phillies $113,004,048.00 93 Pittsburgh Pirates $48,743,000.00 62 San Diego Padres $42,796,700.00 75 San Francisco Giants $82,161,450.00 88 Seattle Mariners $98,904,167.00 85 St. Louis Cardinals $88,528,411.00 91 Tampa Bay Devil Rays $63,313,035.00 84 Texas Rangers $68,646,023.00 87 Toronto Blue Jays $80,993,657.00 75 Washington National $59,328,000.00 59