Salaries of professional athletes. The salaries of superstar professional athletes receive much attention in the media. The multimillion-dollar long-term contract is now commonplace among this elite group. Nevertheless, rarely does a season pass without negotiations between one or more of the players’ associations and team owners for additional salary and fringe benefits for all players in their particular sports.
a. If a players’ association wanted to support its argument for higher “average” salaries, which measure of central tendency do you think it should use? Why?
b. To refute the argument, which measure of central tendency should the owners apply to the players’ salaries? Why?
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