Salary vs. Winnings Hypothesis Statement
As with many sports baseball teams spends millions of dollars in players’ salaries. The problem that is faced with these salaries is that even when they are high they don’t translate into wins for a team. Different factors can affect a team’s performance regardless of what players they have or how much money they make. Which begs the question does having a higher salary mean that the team will have more wins?
Our team’s research in a former paper concluded that the correlation between a baseball team’s salary and their number of wins during a season do not relate to one another. The team derived at this conclusion after calculating the measures of central tendency, dispersion, and skew of the data obtained and depicted in the histogram and ordinal scale for the 2005 season. We used the frequency of distribution in the ordinal scale to obtain the central tendency measurements. The number of wins sampled from the 30 different teams showed three different mode scores however, the range of salaries over the 30 different teams did not include any repeating numbers; therefore, a mode was not available. Starting from $208,306,817 and ending with $29,679,067, the median team salary for this sample group during the 2005 season was $69,692,000 with half of the team salaries at or above this amount, and half of the team salaries at or below this amount. We then calculated the mean salary for this group to be $73,076,318.83 (which was just above the median), by taking the salaries for each team, adding them and then dividing by the total. By subtracting the lowest salary from the highest salary we found the measure of variability (middle salary), to be $89,313,875 but less than 25% of the sample group is receiving at or above that amount. As a result, our team decided more research is necessary because the information reflected in this study was insufficient to answer the problem statement, do salaries have a direct impact on the...