Question: MAT 152 Project 3: MLB Team Salaries The data set below is the total salary of each Major League Baseball (MLB) team salaries per team

MAT 152 Project 3: MLB Team Salaries

The data set below is the total salary of each Major League Baseball (MLB) team salaries per team in 2016. Find the probabilities for normal distributions and specified data values using the salaries below. Round probability and percent with four digits, all other answers to one decimal place. All MLB teams are listed.

Team

Team Abbreviation

League

Salary ($M)

Wins

Losses

Arizona Diamondbacks

ARI

NL

92.00

69

93

Atlanta Braves

ATL

NL

77.07

68

93

Baltimore Orioles

BAL

AL

141.74

89

73

Boston Red Sox

BOS

AL

198.33

93

69

Chicago Cubs

CHC

NL

163.81

103

58

Chicago White Sox

CHW

AL

113.91

78

84

Cincinnati Reds

CIN

NL

80.91

68

94

Cleveland Indians

CLE

AL

92.65

94

67

Colorado Rockies

COL

NL

103.60

75

87

Detroit Tigers

DET

AL

192.31

86

75

Houston Astros

HOU

AL

89.06

84

78

Kansas City Royals

KCR

AL

136.56

81

81

Los Angeles Angels

LAA

AL

160.99

74

88

Los Angeles Dodgers

LAD

NL

248.32

91

71

Miami Marlins

MIA

NL

64.02

79

82

Milwaukee Brewers

MIL

NL

51.20

73

89

Minnesota Twins

MIN

AL

99.81

59

103

New York Mets

NYM

NL

128.41

87

75

New York Yankees

NYY

AL

221.57

84

78

Oakland Athletics

OAK

AL

80.61

69

93

Philadelphia Phillies

PHI

NL

91.62

71

91

Pittsburgh Pirates

PIT

NL

95.84

78

83

San Diego Padres

SDP

NL

94.12

68

94

San Francisco Giants

SEA

AL

166.74

86

76

Seattle Mariners

SFG

NL

139.80

87

75

St. Louis Cardinals

STL

NL

143.51

86

76

Tampa Bay Rays

TBR

AL

60.07

68

94

Texas Rangers

TEX

AL

158.68

95

67

Toronto Blue Jays

TOR

AL

131.91

89

73

Washington Nationals

WSN

NL

142.50

95

67

Find the probabilities for normal distributions and specified data values using the salaries below. Round probability and percent with four digits, all other answers to one decimal place. All MLB teams are listed.

  1. Find the mean of the MLB salaries.

  1. Find the standard deviation of the MLB salaries.

  1. Sketch the normal curve of the MLB salaries.

  1. Are there any unusual MLB salaries? List the team(s) and show your work to justify your answer.

  1. Do you believe teams are fairly paid? Explain.

  1. Your family member is considering a profession in Major League Baseball. If he is chosen for the draft:
    1. find the probability he will play for a team that has a total salary of less than $70 million.

  1. find the probability he will play for a team that has a total salary of more than $125 million.

  1. find the probability he will be play for a team that has a total salary between $60 and $100 million.

  1. What percent of the teams have a total salary of more than $200 million?

  1. Your family member believes he is pretty good, but it may take him some time to climb up the ladder. He believes the team that drafts him will be in the bottom 15% of the salaries. What team(s) fall into this category? Show your work.

  1. Describe any patterns or trends observed.

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To analyze the MLB team salaries for 2016 we will go through the steps as outlined 1 Mean of MLB Salaries To find the mean average salary sum all the salaries and divide by the number of teams Mean Sa... View full answer

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