Question

Question 1 Use the data below to answer the questions that follow The table below gives the approximate salaries (in millions
0 0
Add a comment Improve this question Transcribed image text
Answer #1

(a) A 2x2 Contingency table for the data given

>= 10 million

< 10 million Total
Basketball Player 3 10 13
Hockey Player 6 22 28
Total 9 32

41

______________________________________________________________________________________

(b) We use proportion as the best measure to determine that whether basketball or hockey players aremore likely to have earn atleast 10 million

P1 = BASKETBALL PLAYERS = 3/13 =0.2307

P2 = HOCKEY PLAYERS = 6/28 = 0.2142

From the propotion measure we found that the basketball players are more likely to have paid atleast 10 million

_____________________________________________________________________________________

(c) Using Los Angeles Lakers table

(i) Histogram of the Salaries

8 7 6 Frequency نیا 2 2- 0 0+ 20 5 10 15 Histogram (Frequency Diagram)

______________________________________________________________

(ii) The data is Right Skewed

_____________________________________________________

(d)

(i) Box Plot of the salaries

26 24- 22 20- [18- |16 14 12 |10 6 4. 2

________________________________________________________

(ii) There are No outliners

Population size: 13 Median: 4 Minimum: 0.8 Maximum: 25.2 First quartile: 1.3 Third quartile: 12.05 Interquartile Range: 10.75

__________________________________________________________

(e) Mean Salary = 7.2308 million

x dx = x -4 = x - 7 dx? 25.2 18.7 15.2 8.9 6.8 5.7 4 3.4 1.9 1.4 1.2 0.8 18.2 11.7 8.2 1.9 -0.2 -1.3 -3 -3.6 -5.1 -5.6 -5.8 -

______________________________________________________________________

(ii) Standard deviation of salary = 7.4929

Σα. (Σα) ? Population Standard deviation c = n 730.56 - (3) 13 13 730.56 - 0.6923 13 729.8677 13 56.1437 = 7.4929

__________________________________________________________________

Add a comment
Know the answer?
Add Answer to:
Question 1 Use the data below to answer the questions that follow The table below gives...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Question 1 Use the data below to answer the questions that follow. The table below gives...

    Question 1 Use the data below to answer the questions that follow. The table below gives the approximate salaries (in millions of dollars) of the 13 members of the Los Angeles Lakers basketball team for the 2011-2012 season. Player Kobe Bryant Pau Gasol Andrew Bynum Lamar Odom Metta World Peace Luke Walton Steve Blake Salary Player 25.2 millon Derek Fisher 18.7 millon Matt Barnes 15.2 millon Troy Murphy 8.9 millon Jason Kapono 6.8 millon Derrick Caracter 5.7 millon Devin Ebanks...

  • Use the Los Angeles Lakers table to answer this question. Sketch a histogram of the salaries...

    Use the Los Angeles Lakers table to answer this question. Sketch a histogram of the salaries using a bin width of 5 million and 0 as the left endpoint of the first bin. The table below gives the approximate salaries (in millions of dollars) of the 13 members of the Los Angeles Lakers basketball team for the 2011-2012 season. Player Kobe Bryant Pau Gasol Andrew Bynum Lamar Odom Metta World Peace Luke Walton Steve Blake Salary Player 25.2 millon Derek...

  • Describe the distribution of the salaries of the Los Angeles Lakers. The table below gives the...

    Describe the distribution of the salaries of the Los Angeles Lakers. The table below gives the approximate salaries (in millions of dollars) of the 13 members of the Los Angeles Lakers basketball team for the 2011-2012 season. Player Kobe Bryant Pau Gasol Andrew Bynum Lamar Odom Metta World Peace Luke Walton Steve Blake Salary Player 25.2 millon Derek Fisher 18.7 millon Matt Barnes 15.2 millon Troy Murphy 8.9 millon Jason Kapono 6.8 millon Derrick Caracter 5.7 millon Devin Ebanks 4.0...

  • Use the Los Angeles Lakers table to answer this question. i. Draw a boxplot of the...

    Use the Los Angeles Lakers table to answer this question. i. Draw a boxplot of the salary distribution. ii. Are there outliers in the salary The table below gives the approximate salaries (in millions of dollars) of the 13 members of the Los Angeles Lakers basketball team for the 2011-2012 season. Player Kobe Bryant Pau Gasol Andrew Bynum Lamar Odom Metta World Peace Luke Walton Steve Blake Salary Player 25.2 millon Derek Fisher 18.7 millon Matt Barnes 15.2 millon Troy...

  • Answer the following questions: 1. How do the mean and the SD compare? 2. What does...

    Answer the following questions: 1. How do the mean and the SD compare? 2. What does that tell you? 3. Based on the mean, median and SD, what do you conclude about salaries for major league players in 1994? Many people believe that most baseball players earn-million dollar salaries. Many are outraged that players make millions, because they believe that the players are often not worth their high salaries. In 1994, George Will, a prominent newspaper columnist, reported that the...

  • ) Use the table below to answer the following questions. Table 2 Table 2 gives the...

    ) Use the table below to answer the following questions. Table 2 Table 2 gives the payoff matrix in terms of economic profit for firms A and B when there are two strategies facing each firm: (1) charge a low price, or (2) charge a high price. a) why the equilibrium in this game (played once) is a dominant strategy equilibrium ? b) In Nash equilibrium, what the economic profit firm A makes ? c) If both firms could successfully...

  • Use the following tide table to answer the questions in the Assessing Your Learning section of...

    Use the following tide table to answer the questions in the Assessing Your Learning section of this lab. This tide table shows the predicted ocean heights for Santa Cruz/Monterey Bay, California during December 2011. 1. A visit to Santa Cruz/Monterey Bay, California is planned during the week of December 4-10 to view the tide pools. To observe intertidal animals during the daytime at the lowest possible tide, the best time to visit the beach is on _________________ at _________________. (4...

  • Use the note below from DirecTV’s 2012 annual report to answer the questions. a. Did DirectTV...

    Use the note below from DirecTV’s 2012 annual report to answer the questions. a. Did DirectTV record any impairment of their intangibles for the period ending 12/31/2012 and 12/31/2011? If yes, how much was the impairment and what types of the intangibles were impaired? If no, why not? b. Assume that DirectTV recognized $20 million impairment charge for its intangibles for the period ending 12/31/2012 (Ignore the actual footnote for this question). How does the impairment charge affect DirectTV’s operating...

  • Any help appreciated! Question 1 (5 points). Answer each of the following questions briefly. The questions...

    Any help appreciated! Question 1 (5 points). Answer each of the following questions briefly. The questions are based on the following relational schema: Emp( eid: integer, ename: string, age: integer, sala1l1: real) Works( eid: integer, did: integer, pet_time: integer) Dept(did: integer, dname: string, budget: real, managerid: integer) 1. Give an example of a foreign key constraint that involves the Dept relation. 2. Write the SQL statements required to create the preceding relations, including appropriate versions of all primary and foreign...

  • Intangible Assets Use the note below from DirecTV’s 2012 annual report to answer the questions. Why...

    Intangible Assets Use the note below from DirecTV’s 2012 annual report to answer the questions. Why does DirecTV not amortize its orbital slots? Did DirectTV record any impairment of their intangibles for the period ending 12/31/2012 and 12/31/2011? If yes, how much was the impairment and what types of the intangibles were impaired? If no, why not? Assume that DirectTV recognized $20 million impairment charge for its intangibles for the period ending 12/31/2012 (Ignore the actual footnote for this question)....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT