Refer to the Baseball 2016 data that report information on the 30 Major League Baseball teams for
Question:
Refer to the Baseball 2016 data that report information on the 30 Major League Baseball teams for the 2016 season. Create a frequency distribution for the Team Salary variable and answer the following questions.
a. What is the typical salary for a team? What is the range of the salaries?
b. Comment on the shape of the distribution. Does it appear that any of the teams have a salary that is out of line with the others?
c. Draw a cumulative relative frequency distribution of team salary. Using this distribution, forty percent of the teams have a salary of less than what amount? About how many teams have a total salary of more than $220 million?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a Based on the frequency distribution the typical team salary is between 100 ...View the full answer
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Related Book For 
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
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