Busi. 410 HW 3 Q4

Busi. 410 HW 3 Q4 - $: 1.7 age: 1.4 margin of error $: 3.5...

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Yankee PLAYER Yankee AGE Rodriguez Castillo 21.7 5.2 30 Jeter Delgado 19.6 4 31 Mussina Burnett 19 3.7 37 randy johnson Pierre 16 3.7 42 Sheffield Gonzalez 13 3.4 37 Williams Mota 12.4 2.6 37 Posada Beckett 11 2.4 34 Rivera Valdez 10.5 1.5 36 Matsui Jones 8 1.1 31 Gordon Easley 3.8 0.8 38 felix rodriguez Moehler 3.2 0.4 33 tino martinez Willis 2.8 0.4 38 womack Cabrera 2 0.37 36 Sierra Alfonseca 1.5 0.3 40 Giambi Aguila 1.34 0.3 34 sturtze Treanor 0.9 0.3 35 Flaherty 0.8 38 Crosby 0.3 29 andy phillips 0.3 28 mean 7.8 1.9 34.9 standard dev. 7.4 1.7 3.8 segment mean diff. 5.9 6.9 standard error diff. 1.74 1.35 margin of error 3.48 2.7 95% lower 2.4 4.2 95% upper 9.4 9.7 95% confidence interval from 2.4 to 9.4 from 4.2 to 9.7 p value: 0.001 7.2E-06 Marlin PLAYER Yankee SALARY ($MM) Marlin SALARY (MM$)
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30 33 29 28 28 28 32 32 21 36 25 23 22 26 26 29 28.0 4.1 Marlin AGE
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mean 7.8 1.9 34.9 28.0 standard dev. 7.4 1.7 3.8 4.1 p value $: 0.001 age: 0.00000716 segment mean diff. $: 5.9 age: 6.9 standard error diff.
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Unformatted text preview: $: 1.7 age: 1.4 margin of error $: 3.5 age: 2.7 95% lower $: 2.4 age: 4.2 95% upper $: 9.4 age: 9.7 95% confidence interval $: from 2.4 to 9.4 from 4.2 to 9.7-The Yankees earn $7.8 on average, while the Marlins only earn $1.9 on average.-The Yankees are 34.9 years old on average, while the Marlins are only 28.0 years old on average.-It is clear that the Yankees earn much more $ on avererage than the Marlins. With 95% confidence we can say that the Yankees earn between $2.4 and $9.4 million more than the Marlins.-It is also clear that the Yankees are older on average than the Marlins. With 95% confidence we can say that the Yankees are between 4.2 and 9.7 years older than the Marlins....
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Busi. 410 HW 3 Q4 - $: 1.7 age: 1.4 margin of error $: 3.5...

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