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 1990, their margin of victory, the winning time, and the payoff on a $2 bet.

a. Determine the mean and median for the variables winning time and payoff on a $2 bet.
b. Determine the range and standard deviation of the variables winning time and payoff on a $2 bet.
c. Refer to the variable winning margin. What is the level of measurement? What measure of location would be mostappropriate?

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Winning Time Winning Margin (lengths) Payoff on a $2 Win Bet Winner minutes) 2.03333 2.05000 2.05000 2.04000 2.06000 2.02000 2.01667 2.04000 2.03667 2.05333 2.02000 1.99950 2.01883 2.01983 2.06767 2.04583 2.02267 2.03617 2.03033 Year Unbridled Strike the Gold Lil E. Tee Sea Hero Go For Gin Thunder Gulch Grindstone Silver Charm Real Qulet Charismatic Fusaichi Pegasus Monarchos War Emblem Funny Cide Smarty Jones Giacomo Barbaro Street Sense Big Brown Mine That Bind Super Saver Animal Kingdom I'lI Have Another 1992 12.90 nose 1998 neck 2000 2001 2002 2.30 20.50 12.80 2.75 50.30 2006 2008 2010 103.20 2.07417 2.034 2.03050 2.04817 2011 43.80 32.60 2.75 2013