Refer to the Baseball 2018 data, which report information on the 30 Major League Baseball teams for the 2018 season. Refer to the team salary variable.

a. Prepare a report on the team salaries. Be sure to answer the following questions in your report.

1. Around what values do the data tend to cluster? Specifically what is the mean team salary? What is the median team salary? Is one measure more representative of the typical team salary than the others?

2. What is the range of the team salaries? What is the standard deviation? About 95% of the salaries are between what two values?

b. In 2000 the average player salary was $1.99 million. By 2018 the average player salary had increased to $4.1 million. What was the rate of increase over the period?

Data From Baseball 2018:

Transcribed Image Text:

Team League Year Opened Team Salary Attendance Wins ERA BA HR Net Worth Arizona Diamondbacks National 1998 143.32 2.243 82 3.72 0.235 176 1.210 Atlanta Braves National 2017 130.6 2.556 90 3.75 0.257 175 1.625 1.200 Baltimore Orioles American 1992 127.63 1.564 47 5.18 0.239 188 Boston Red Sox American 1912 227.4 2.896 108 3.75 0.268 208 2.800 1914 3.65 0.258 167 Chicago Cubs Chicago White Sox Cincinnati Reds National 194.26 71.84 100.31 3.181 95 2.900 American National 4.84 4.63 1.500 1.010 1991 1.609 62 0.241 182 2003 1.629 67 0.254 172 Cleveland Indians American 1994 142.8 1.927 91 3.77 0.259 216 1.045 Colorado Rockies National 1995 143.97 3.016 91 4.33 0.256 210 130.96 163.52 135 205 155 1.100 1.225 1.650 Detroit Tigers Houston Astros American 2000 1.857 64 103 4.58 0.241 American 2000 2.981 3.11 0.255 Kansas City Royals Los Angeles Angels Los Angeles Dodgers Miami Marlins American 1973 129.94 1.665 58 4.94 0.245 1.015 American 1966 173.78 3.020 80 4.15 0.242 214 1.800 National 1962 199.58 3.858 92 3.38 0.25 235 3.000 National 2012 91.82 0.811 63 4.76 0.237 128 1.000 Milwaukee Brewers Minnesota Twins New York Mets National 2001 108.98 2.851 96 3.73 0.252 218 166 1.030 American National 1.150 2.100 4.000 2010 115.51 1.959 78 4.50 0.25 2009 150.19 2.225 77 4.07 0.234 170 New York Yankees American 0.249 2009 1966 179.6 3.483 100 3.78 267 Oakland Athletics American 80.32 1.574 97 3.81 0.252 227 1.020 Philadelphia Phillies Pittsburgh Pirates San Diego Padres San Francisco Giants Seattle Mariners St. Louis Cardinals 2004 2001 National 104.3 2.158 80 4.14 0.234 186 1.700 National 91.03 1.465 82 4.00 0.254 157 1.260 National 2004 101.34 2.169 66 4.40 0.235 162 1.270 American 2000 205.67 2.299 89 4.13 0.254 176 2.850 160.99 163.78 1.450 1.900 National 1999 3.156 3.404 73 3.95 0.239 133 National 2006 88 3.85 0.249 205 Tampa Bay Rays Texas Rangers Toronto Blue Jays Washington Nationals 1990 0.258 150 194 American 68.81 1.155 90 3.74 0.900 American 1994 140.63 2.107 67 4.92 0.24 1.600 American 1989 150.95 181.38 2.325 73 4.85 0.244 217 1.350 National 2008 2.530 82 4.04 0.254 191 1.675