Question

The following are current annual salaries (in thousands of dollars) for the starting players on the Miami Heat basketball team: 14,500, 14,500, 14,000, 5000, 3500.
a. Find the mean x and express the result in dollars instead of thousands of dollars.
b. Find the median and express the result in dollars instead of thousands of dollars.
c. Find the standard deviation s and express the result in dollars instead of thousands of dollars.
d. Find the variance s2 and express the result in appropriate units.
e. Convert the first salary of $14,500,000 to a z score.
f. What level of measurement (nominal, ordinal, interval, ratio) describes this data set?
g. Are the salaries discrete data or continuous data?
h. Do the given salaries appear to be representative of all players for the Miami Heat team? Why or why not?


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  • CreatedMay 03, 2015
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