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Problem 85 Medium Difficulty

Baseball salaries Suppose that a Major League Baseball team's mean yearly salary for its players is
$\$ 1.2$ million and that the team has 25 players on its active roster. What is the team's total annual payroll? If you knew only the median salary, would you be able to answer this question? Why or why not?

Answer

Total annual payroll: $\$ 30,000,000$
Median: Not able to answer the question

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Video Transcript

to calculate the total annual payroll, we multiply the number of players by the median salary, then the total equals 25 much blood boy, I'm going to 1,000,000 equals 13 million dollars. We can't use the medium probability because it describes center relative to the middle number, regardless off all other numbers old their values.