# Question

The mean team operating income is the operating income each NBA team would receive if the NBA owners divided the total of their operating incomes equally among the 30 NBA teams. (Of course, some of the owners might object to dividing their operating incomes equally among the teams).

a. How would the players use the mean team operating income to justify their position opposing a hard salary cap?

b. Use Table 3.2 to find the number of NBA teams that made money (that is, had a positive operating income) and the number of teams that lost money (had a negative operating income).

c. How would the owners use the results of part (b) and the median team operating income to justify their desire for a hard salary cap?

a. How would the players use the mean team operating income to justify their position opposing a hard salary cap?

b. Use Table 3.2 to find the number of NBA teams that made money (that is, had a positive operating income) and the number of teams that lost money (had a negative operating income).

c. How would the owners use the results of part (b) and the median team operating income to justify their desire for a hard salary cap?

## Answer to relevant Questions

Define the range, variance, and standard deviation for a population. In order to control costs, a company wishes to study the amount of money its sales force spends entertaining clients. The following is a random sample of six entertainment expenses (dinner costs for four people) from expense ...Discuss how a box- and- whiskers display is used to identify outliers. Below we give the average hourly outdoor temperature (x) in a city during a week and the city’s natural gas consumption (y) during the week for each of eight weeks (the temperature readings are expressed in degrees ...Suppose that a company’s sales were $ 5,000,000 three years ago. Since that time sales have grown at annual rates of 10 percent, 10 percent, and 25 percent. a. Find the geometric mean growth rate of sales over this three- ...Post your question

0