Question

In: Economics

Please assist with the following: The Philadelphia Phillies defeated the Tampa Bay Rays 4 to 3...

Please assist with the following:

The Philadelphia Phillies defeated the Tampa Bay Rays 4 to 3 to win the 2008 major league baseball World Series (The Philadelphia Inquirer, October 29, 2008). Earlier in the major league baseball playoffs, the Philadelphia Phillies defeated the Los Angeles Dodgers to win the National League Championship, while the Tampa Bay Rays defeated the Boston Red Sox to win the American League Championship. The file MLBSalaries contains the salaries for the 28 players on each of these four teams (USA Today Salary Database, October 2008). The data, shown in thousands of dollars, have been ordered from the highest salary to the lowest salary for each team.

  1. Analyze the salaries for the World Champion Philadelphia Phillies. What is the total payroll for the team? What is the median salary? What is the five-number summary?

  2. Were there salary outliers for the Philadelphia Phillies? If so, how many and what were the salary amounts?

  3. What is the total payroll for each of the other three teams? Develop the five-number summary for each team and identify any outliers.

  4. Show the box plots of the salaries for all four teams. What are your interpretations? Of these four teams, does it appear that the team with the higher salaries won the league championships and the World Series?

MLB Salaries:

Player Phillies Dodgers Rays Red Sox
1 14250 19000 6000 14000
2 10000 15730 5375 13000
3 8583 15217 3898 12500
4 8000 14727 3785 10442
5 7958 10000 2875 10167
6 7786 9517 2750 9250
7 6350 9250 2400 8333
8 6000 9000 2300 8000
9 5500 8000 2250 6000
10 5000 7500 1600 5083
11 3250 7433 1275 4000
12 3000 2000 1000 3850
13 2400 1925 800 3000
14 1700 1115 417 3000
15 900 600 413 2000
16 900 500 412 1275
17 600 454 412 840
18 500 425 405 835
19 480 415 401 800
20 445 411 401 775
21 440 406 400 457
22 425 400 398 422
23 420 393 397 421
24 415 393 396 406
25 395 392 396 405
26 393 390 396 403
27 390 390 392 400
28 390 390 390 396

Solutions

Expert Solution

Philadelphia phillies team - according to the given data we can see there is a huge difference between the hight and lowest paid salaries with no outliers . This means players are paid based on their sportsmanship skill. .

Total payroll for ÷

Phillies = 89084

Dodgers = 135980

Rays = 41938

Red sox = 117460

There are no salary outliers for phillies team as  

Higher outlier = Q3 + 1.5 × IQR

= 14788.75

And no value is greater than 14788.75

Lower outlier = Q1- 1.5× IQR

=-8181.25  

So no value is lower than this value .

Similarly for ,

Dodgers =no outlier as

IQR = 8722 ,

Q3 + 1.5×IQR = 22208

Rays = two outliers as

IQR = 1951

Q3 + 1.5× IQR = 5276.5

Values greater than 5276.5 are 6000 and 5375

Red sox = no outliers as

IQR = 7727

Q3 + 1.5× IQR = 19757

By closely observing the boxplots for all the salary amount set for four teams we can see that majority of the salary amounts are greater than the median salary amount . Also the start of the box shows 25% of the data lower than the Q1 and 75% of the data lower than Q3 . In all four teams majority data is 25% above the Q3 and a very small amounts are lower than Q1 .

There is no evidencw that the team with higher salaries paid won the championship leagues as we can see that phillie were given lesser salaries than dodgers and yet they defeated dodgers .


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