A study was conducted by the sports department of a national network television station in which the

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A study was conducted by the sports department of a national network television station in which the objective was to determine whether a difference exists between median annual salaries of National Basketball Association (NBA) players, National Football League (NFL) players, and Major League Baseball (MLB) players. The analyst in charge of the study believes that the normal distribution assumption is violated in this study. Thus, she thinks that a nonparametric test is in order.
The following summary data have been collected:
A study was conducted by the sports department of a

a. Why would the sports department address the median as the parameter of interest in this analysis, as opposed to the mean? Explain your answer.
b. What characteristics of the salaries of professional athletes suggest that such data are not normally distributed? Explain.
c. Based on these data, what can be concluded about the median salaries for the three sports? Test at an α = 0.05. Assume no ties.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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