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Refer to the Baseball 2010 data (attached), which reports information on the 30 Major League Baseball teams for the 2010 season.

a. Conduct a test of hypothesis to determine whether the mean payroll of the teams was different from $80.0 million. Use the .05 significance level.

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

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Solution Summary

In this solution, there are two types of tests performed: one tailed and two tailed tests. By providing side-by-side comparison, we could understand how these two tests are applied in the different kinds of problems.

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