1.

Problem: Exercise Number- 84 of page 92 (Data on page 730).

Solution:

SL

Name of the
Team

Team Salary
(Xi)(Million $)

(Xi )

Montreal

43.549

-40.0004333

Tampa Bay

43.984

-39.5654333

Florida

53.103

-30.4464333

Minnesota

53.666

-29.8834333

Milwaukee

58.19

-25.3594333

Kansas City

58.708

-24.8414333

Cincinnati

62.398

-21.1514333

Pittsburgh

63.701

-19.8484333

Chicago White Sox

65.535

-18.0144333

10

San Diego

65.677

-17.8724333

11

Oakland

65.878

-17.6714333

12

Toronto

66.698

-16.8514333

13

Baltimore

72.085

-11.4644333

14

Philadelphia

72.24

-11.3094333

15

Detroit

75.324

-8.2254333

16

Anaheim

77.184

-6.3654333

17

Colorado

80.035

-3.5144333

18

Houston

82.118

-1.4314333

19

Chicago Cubs

88.838

5.2885667

20

Cleveland

90.428

6.8785667

21

St. Louis

96.113

12.5635667

22

San Francisco

96.222

12.6725667

23

Seattle

100.045

16.4955667

24

New York Mets

109.917

26.3675667

25

Atlanta

110.77

27.2205667

26

Boston

113.795

30.2455667

(Xi )2
1600.0346
64
1565.4235
12
926.98530
07
893.01958
58
643.10085
73
617.09680
84
447.38313
06
393.96030
45
324.51980
71
319.42387
21
312.27955
49
283.97080
43
131.43323
09
127.90328
16
67.657752
97
40.518741
1
12.351241
42
2.0490012
92
27.968937
74
47.314679
85
157.84320
82
160.59394
68
272.10372
08
695.24857
37
740.95925
15
914.79430
5
947.07395

a) The mean, median and standard deviation of the team salary for the
2003 baseball session:
Mean of the team salary:
We know,
Mean () = Xi / N
Where,
Xi= Sum of all the observation
N= Total Number of Observation
= Population mean
Mean () = Xi / N = 2506.483 / 30= 83.5494333 million $ (Ans).
Median of the team salary:
The median team salary can be calculated by arranging the data first in
ascending order and then taking the mid value. (Variables are
arranged in ascending order in the preceding page).
So, Median of the team salary is = (75.324+77.784) / 2= 76.254 million
$ (Ans).
Standard Deviation of the team salary:
We Know,
The formula for Standard Deviation is

= ( (Xi ) 2 / N)
Where,

= Standard Deviation

Xi= Sum of all the observation

N= Total Number of observation in the population
= Population mean
So, the standard deviation is

28.66

= (24641.26032 / 30) = 821.375344= 28.65964 or

b) The mean, median and standard deviation for the stadium age of 2003
baseball session:
Name of the
Team
Boston
New York Yankees
Oakland
Baltimore
Anaheim
Cleveland
Chicago White Sox
Toronto
Minnesota
Tampa Bay
Texas
Detroit
Seattle
Kansas City
Atlanta
Arizona
Houston
Cincinnati
New York Mets
Pittsburgh
Los Angeles
San Diego
Montreal
San Francisco
St. Louis
Florida
Philadelphia
Milwaukee
Chicago Cubs
Colorado
Total

Stadiu
m Built
1912
1923
1966
1992
1966
1994
1991
1989
1982
1990
1994
2000
1999
1973
1993
1998
2000
1970
1964
2001
1962
1967
1976
2000
1966
1987
1971
2001
1914
1995

Curren
t Year
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003
2003

Stadium
Age (X)
90
79
36
10
36
8
11
13
20
12
8
2
3
29
9
4
2
32
38
1
40
35
26
2
36
15
31
1
88
7
Xi =724

24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13
24.13

(Xi
)
65.87
54.87
11.87
-14.13
11.87
-16.13
-13.13
-11.13
-4.13
-12.13
-16.13
-22.13
-21.13
4.87
-15.13
-20.13
-22.13
7.87
13.87
-23.13
15.87
10.87
1.87
-22.13
11.87
-9.13
6.87
-23.13
63.87
-17.13

=24.13

Mean

(Xi )2
4338.8569
3010.7169
140.8969
199.6569
140.8969
260.1769
172.3969
123.8769
17.0569
147.1369
260.1769
489.7369
446.4769
23.7169
228.9169
405.2169
489.7369
61.9369
192.3769
534.9969
251.8569
118.1569
3.4969
489.7369
140.8969
83.3569
47.1969
534.9969
4079.3769
293.4369
(Xi )
2
=
17727.467