Refer to the 2010 Baseball data that reports information on the 30 Major League Baseball teams for the 2010 season Create a frequency distribution for the team payroll variable and answer the following questions a What is the typical payroll for a team What is the range of the payrolls b Comment on...

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Refer to the 2010 Baseball data that reports information on the 30 Major League Baseball teams for

Question:

Refer to the 2010 Baseball data that reports information on the 30 Major League Baseball teams for the 2010 season. Create a frequency for the team payroll variable and answer the following questions.
a. What is the typical payroll for a team? What is the range of the payrolls?
b. Comment on the shape of the Does it appear that any of the teams have a payroll that is out of line with the others?
c. Draw a cumulative frequency Thirty percent of the teams have a payroll of less than what amount? About how many teams have total payroll of less than $100,000,000?
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...