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 1990, 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? What measure of location would be most appropriate?

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Payoff on a $2 Win Bet Winning Margin Winning Time (mlnutes) Year Winner (lengths) Unbridled 1990 3.5 2.03333 10.80 1991 4.80 Strike the Gold 1.75 2.05000 1992 LII E. Tee 2.05000 16.80 1993 Sea Hero 2.5 2.04000 12.90 1994 Go For Gin 2 2.06000 9.10 1995 Thunder Gulch 2.25 2.02000 24.50 1996 Grindstone 2.01667 5.90 nose head 4.00 1997 SIlver Charm 2.04000 8.40 1998 Real Qulet 0.5 2.03667 1999 Charlsmatic neck 2.05333 31.30 Fusalchi Pegasus 2.30 2000 1.5 2.02000 2001 Monarchos 4.75 1.99950 10.50 2002 War Emblem 4 2.01883 20.50 Funny Cide Smarty Jones 2003 1.75 2.01983 12.80 4.10 2004 2.75 2.06767 2005 Glacomo 0.5 2.04583 50.30 2006 6.5 6.10 Barbaro 2.02267 2007 Street Sense 2.25 2.03617 4.90 Big Brown 2008 4.75 2.03033 6.80 103.20 2009 Mine That Blrd 6.75 2.04433 2010 2.07417 18.00 Super Saver 2.50 2011 2.034 Anlmal Kingdom 2.75 43.80 2012 I'l Have Another 1.5 2.03050 32.60 2013 2.5 12.80 Orb 2.04817 2014 Californla Chrome 1.75 2.0610 7.00 2015 American Pharaoh 1.00 2.05033 7.80