The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The following table shows the winners since 2000, their margin of victory, the winning time, and the payoff on a $2 bet.

a. Determine the mean and median for the variables winning time and payoff on a $2 bet.

b. Determine the range and standard deviation of the variables winning time and payoff on a $2 bet.

c. Refer to the variable winning margin. What is the level of measurement? 

d. What measure of location would be most appropriate?

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Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Winner Fusaichi Pegasus Monarchos War Emblem Funny Cide Smarty Jones Giacomo Barbaro Street Sense Big Brown Mine That Bird Super Saver Animal Kingdom I'll Have Another Orb California Chrome American Pharoah Nyquist Always Dreaming Justify Country House Winning Margin (lengths) 1.50 4.75 4.00 1.75 2.75 0.50 6.50 2.25 4.75 6.75 2.50 2.75 1.50 2.50 1.75 1.00 1.25 3.75 2.50 Winning Time (minutes) 2.02000 1.99950 2.01883 2.01983 2.06767 2.04583 2.02267 2.03617 2.03033 2.04433 2.07417 2.03400 2.03050 2.04817 2.06100 2.05033 2.01517 2.03983 2.04333 2.06880 Payoff on a $2 Bet 2.30 10.50 20.50 12.80 4.10 50.30 6.10 4.90 6.80 103.20 18.00 43.80 32.60 12.80 7.00 7.80 6.60 11.40 7.80 132.40