Refer to the Baseball 2021 data, which report information on the 30 Major League Baseball teams for
Question:
Refer to the Baseball 2021 data, which report information on the 30 Major League Baseball teams for the 2021 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. In 2021, the average player salary is $4.17 million. What was the rate of change over the period?
Team | League | Year Opened | Team Salary | Attendance | Wins | ERA | BA | HR | Net worth ($billion) | |
Arizona Diamondbacks | National | 1998 | 89.08 | 1,043,010 | 52 | 5.11 | 0.236 | 144 | $1.320 | |
Atlanta Braves | National | 2017 | 134.46 | 2,300,247 | 88 | 3.88 | 0.244 | 239 | $1.875 | |
Baltimore Orioles | American | 1992 | 45.70 | 793,229 | 52 | 5.84 | 0.239 | 195 | $1.430 | |
Boston Red Sox | American | 1912 | 180.26 | 1,725,323 | 92 | 4.26 | 0.261 | 219 | $3.465 | |
Chicago Cubs | National | 1914 | 149.67 | 1,978,934 | 71 | 4.87 | 0.237 | 210 | $3.360 | |
Chicago White Sox | American | 1991 | 125.99 | 1,596,385 | 93 | 3.73 | 0.256 | 190 | $1.685 | |
Cincinnati Reds | National | 2003 | 118.75 | 1,505,024 | 83 | 4.40 | 0.249 | 222 | $1.085 | |
Cleveland Indians | American | 1994 | 46.83 | 1,114,368 | 80 | 4.34 | 0.238 | 203 | $1.160 | |
Colorado Rockies | National | 1995 | 103.99 | 1,938,645 | 74 | 4.82 | 0.249 | 182 | $1.300 | |
Detroit Tigers | American | 2000 | 80.40 | 1,102,623 | 77 | 4.32 | 0.242 | 179 | $1.260 | |
Houston Astros | American | 2000 | 171.02 | 2,068,509 | 95 | 3.76 | 0.267 | 221 | $1.870 | |
Kansas City Royals | American | 1973 | 87.78 | 1,159,613 | 74 | 4.65 | 0.249 | 163 | $1.060 | |
Los Angeles Angels | American | 1966 | 177.35 | 1,512,033 | 77 | 4.69 | 0.245 | 190 | $2.025 | |
Los Angeles Dodgers | National | 1962 | 235.41 | 2,804,693 | 106 | 3.01 | 0.244 | 237 | $3.570 | |
Miami Marlins | National | 2012 | 49.43 | 642,617 | 67 | 3.96 | 0.233 | 158 | $0.990 | |
Milwaukee Brewers | National | 2001 | 87.57 | 1,824,282 | 95 | 3.50 | 0.233 | 194 | $1.220 | |
Minnesota Twins | American | 2010 | 121.00 | 1,310,199 | 73 | 4.83 | 0.241 | 228 | $1.325 | |
New York Mets | National | 2009 | 167.42 | 1,484,665 | 77 | 3.90 | 0.238 | 176 | $2.450 | |
New York Yankees | American | 2009 | 191.21 | 1,959,854 | 92 | 3.74 | 0.237 | 222 | $5.250 | |
Oakland Athletics | American | 1966 | 74.62 | 701,430 | 86 | 4.02 | 0.238 | 199 | $1.125 | |
Philadelphia Phillies | National | 2004 | 174.01 | 1,515,890 | 82 | 4.39 | 0.24 | 198 | $2.050 | |
Pittsburgh Pirates | National | 2001 | 35.91 | 859,498 | 61 | 5.08 | 0.236 | 124 | $1.285 | |
San Diego Padres | National | 2004 | 171.69 | 2,191,950 | 79 | 4.10 | 0.242 | 180 | $1.500 | |
San Francisco Giants | American | 2000 | 127.89 | 1,679,484 | 107 | 3.24 | 0.249 | 241 | $3.175 | |
Seattle Mariners | National | 1999 | 64.55 | 1,215,985 | 90 | 4.30 | 0.226 | 199 | $1.630 | |
St. Louis Cardinals | National | 2006 | 135.05 | 2,102,530 | 90 | 3.98 | 0.244 | 198 | $2.245 | |
Tampa Bay Rays | American | 1990 | 60.39 | 761,072 | 100 | 3.67 | 0.242 | 222 | $1.055 | |
Texas Rangers | American | 1994 | 84.87 | 2,110,258 | 60 | 4.79 | 0.232 | 167 | $1.785 | |
Toronto Blue Jays | American | 1989 | 137.13 | 809,557 | 91 | 3.91 | 0.266 | 262 | $1.675 |
Step by Step Answer:
Statistical Techniques In Business And Economics
ISBN: 9781265779696
19th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen