Does paying high salaries lead to more victories in professional sports? The New York Yankees have long

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Does paying high salaries lead to more victories in professional sports? The New York Yankees have long been known for having Major League Baseball’s highest team payroll. And over the years, the team has won many championships. This strategy didn’t pay off in 2008, when the Philadelphia Phillies won the World Series. Maybe the Yankees didn’t spend enough money that year. The figure shows histograms of the salary distributions for the two teams during the 2008 season. Why can’t you use these graphs to effectively compare the team payrolls?

Yankees Phillies 12 9. 8 10 7 8 0 5 10 15 20 25 30 35 0 2 4 6 8 10 12 14 Salary ($ millions) Salary ($ millions) Frequency 2. 4) Frequency

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The Practice Of Statistics

ISBN: 9781319113339

6th Edition

Authors: Daren S. Starnes, Josh Tabor

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