Distribution of Annual Salaries of NBA Players
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A researcher has determined that the distribution of annual salaries of NBA players is bell-shaped and symmetrical about the mean salary, do you think that introducing Michael Jordan's last annual salary of more than $30 million would skew this distribution? Explain why or why not. What would be the best measure of central tendency for this distribution? Explain.
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Solution Summary
The distribution of annual salaries of NBA players are examined. The central tendency for the distribution are analyzed.
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A bell curve is shaped such that the mean is in the middle - the highest point in the curve. Then as you move away from the mean, you will find some salaries that will be higher and some that will be lower. In fact, when you move 1 standard deviation away from the mean, you can account for 67% of salaries. Moving 2 standard deviations away will account for 96% of salaries.
Now, according to ...
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