The idea of assigning numerical values to determine a preference ordering over a set of objects is
Question:
(Thus, if a batter has S singles, W walks, D doubles, T triples, and H home runs, then A = S+D+T +H+W and B = S+W+2D+3T +4H.) Let N be the number of times the batter bats. Then his index of runs created in the season is defined to be AB/N and will be called his RC.
(a) In 1987, George Bell batted 649 times. He had 39 walks, 105 singles, 32 doubles, 4 triples, and 47 home runs. In 1987, Wade Boggs batted 656 times. He had 105 walks, 130 singles, 40 doubles, 6 triples, and 24 home runs. In 1987, Alan Trammell batted 657 times. He had 60 walks, 140 singles, 34 doubles, 3 triples, and 28 home runs. In 1987, Tony Gwynn batted 671 times. He had 82 walks, 162 singles, 36 doubles, 13 triples, and 7 home runs. We can calculate A, the number of hits plus walks, B the number of total bases, and RC, the runs created index for each of these players. For Bell, A = 227, B = 408, RC = 143. For Boggs, A = 305, B = 429, RC = 199. For Trammell, A = 265, B = 389, RC = 157. For
Gwynn, A = ____, B = _____ , RC = _____.
(b) If somebody has a preference ordering among these players, based only on the runs-created index, which player(s) would she prefer to Trammell? ________
(c) The differences in the number of times at bat for these players are small, and we will ignore them for simplicity of calculation. On the graph below, plot the combinations of A and B achieved by each of the players.
Draw four “indifference curves,” one through each of the four points you have plotted. These indifference curves should represent combinations of
A and B that lead to the same number of runs-created.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: