Table 2.12 gives the franchise value and 2010 revenues for each of the 30 teams in Major

Question:

Table 2.12 gives the franchise value and 2010 revenues for each of the 30 teams in Major League Baseball as reported by Forbes magazine and as listed on the Forbes.com website on June 14, 2011.

a. Develop a frequency distribution and a frequency histogram for the 30 team values. Then describe the distribution of team values.
b. Develop a percent frequency distribution and a percent frequency histogram for the 30 team revenues. Then describe the distribution of team revenues.
c. Draw a percent frequency polygon for the 30 team values.

Distribution
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...