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Baseball salaries Suppose that a Major League Baseball teams mean yearly salary for its
Chapter 1, Problem 85(choose chapter or problem)
QUESTION:
Baseball salaries suppose that a Major League Baseball team’s mean yearly salary for its players is $1.2 million and that the team has 25 players on its active roster. What is the team’s total annual payroll? If you knew only the median salary, would you be able to answer this question? Why or why not?
Questions & Answers
QUESTION:
Baseball salaries suppose that a Major League Baseball team’s mean yearly salary for its players is $1.2 million and that the team has 25 players on its active roster. What is the team’s total annual payroll? If you knew only the median salary, would you be able to answer this question? Why or why not?
ANSWER:
Step 1 of 3
Given,
The Mean yearly salary of players,
Number of players, n = 25