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The Practice of Statistics | 5th Edition | ISBN: 9781464108730 | Authors: Daren S. Starnes, Josh Tabor
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Solved: Exercises 15 and 16 refer to the dotplot and summary statistics of salaries for

Chapter 2, Problem 15

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QUESTION:

Exercises 15 and 16 refer to the dotplot and summary statistics of salaries for players on the World Champion 2008 Philadelphia Phillies baseball team.7 Salary (millions) 0 2 4 6 8 10 12 14 16 Variable n Mean Std. dev. Min Q1 Med Q3 Max Salary 29 3388617 3767484 390000 440000 1400000 6000000 14250000 Baseball salaries Brad Lidge played a crucial role as the Phillies closer, pitching the end of many games throughout the season. Lidges salary for the 2008 season was $6,350,000. (a) Find the percentile corresponding to Lidges salary. Explain what this value means. (b) Find the z-score corresponding to Lidges salary. Explain what this value means.

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QUESTION:

Exercises 15 and 16 refer to the dotplot and summary statistics of salaries for players on the World Champion 2008 Philadelphia Phillies baseball team.7 Salary (millions) 0 2 4 6 8 10 12 14 16 Variable n Mean Std. dev. Min Q1 Med Q3 Max Salary 29 3388617 3767484 390000 440000 1400000 6000000 14250000 Baseball salaries Brad Lidge played a crucial role as the Phillies closer, pitching the end of many games throughout the season. Lidges salary for the 2008 season was $6,350,000. (a) Find the percentile corresponding to Lidges salary. Explain what this value means. (b) Find the z-score corresponding to Lidges salary. Explain what this value means.

ANSWER:

Step 1 of 4

Given,

Lidge’s salary for the 2008 season = $ 6,350,000.

Let’s determine the following using the dotplot and summary statistics of salaries for players on the World Champion 2008 Philadelphia Phillies baseball team.

 

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