Refer to the average annual baseball player salary data in the 2018 Major League Baseball data set. The data also include the CPI from 2010 to 2018.The CPI base is 1982 – 84 = 100.

a. Develop a graph that shows the mean player salary from 2010 to 2018. What do you observe about the graph? Are the salaries increasing, decreasing, or staying the same over the period?

b. Convert the Consumer Price Index to a 2010 base. Using this revised index, adjust the mean salaries for each year between 2010 and 2018. Graph the adjusted mean annual payer salaries. Are the adjusted salaries increasing, decreasing, or staying the same over the period? Compare this graph to the graph in part a. Write a paragraph summarizing your findings. Cite specific evidence.