Explore BrainMass

Explore BrainMass

    Hypothesis Testing - Baseball Salary Data

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Refer to the Baseball 2000 data in Appendix D, which reports on the 30 major league baseball teams for the 2000 season.

    a. Conduct a test of hypothesis to determine whether the mean salary of the teams was different from $50.0 million and use a .05 significance level.

    b. Conduct a test of hypothesis to determine whether the mean attendance was more than 2,000,000 per team.

    © BrainMass Inc. brainmass.com June 3, 2020, 5:28 pm ad1c9bdddf
    https://brainmass.com/statistics/hypothesis-testing/hypothesis-testing-baseball-salary-data-27322

    Attachments

    Solution Preview

    a. Conduct a test of hypothesis to determine whether the mean salary of the teams was different from $50.0 million and use

    a .05 significance level.
    Ho: M = 50
    Ha: M =/= 50

    This is a two tailed test, and please refer to EXCEL for calculation.

    The mean is M = SUM(salary)/30 = 56.67
    The population standard deviation is SD = SQRT(SUM(Salary-M)^2/n) = ...

    Solution Summary

    This solution goes through each of the steps of hypothesis testing to determine mean salary of the teams and mean attendance.

    $2.19

    ADVERTISEMENT