Chapter 6: Q1 (page 294)
In Exercises 1鈥3, use the following recent annual salaries (in millions of dollars) for players鈥俹n鈥倀he鈥侼.Y.鈥侹nicks鈥俻rofessional鈥俠asketball鈥倀eam.
23.4 22.5 11.5 7.1 6.0 4.1 3.3 2.8 2.6 1.7 1.6 1.3 0.9 0.9 0.6 1.
NY Knicks Salaries
a. Find the mean x.
b. Find the median.
c. Find the standard deviation s.
d. Find the variance.
e. Convert the highest salary to a z score.
f. What level of measurement (nominal, ordinal, interval, ratio) describes this data set?
g. Are the salaries discrete data or continuous data?
Short Answer
a. The mean is $6.02 million.
b. The median is $2.8 million.
c. The standard deviation is $7.47 million.
d. The variance is $55.73 million.
e. The z-score associated with the highest salary is 2.33.
f. The given data represents the ratio measurement.
g. The salaries form discrete data.