Descriptive Statistics Essay - 3837 Words

Descriptive Statistics One of the most beloved sports in America is Major League Baseball. This professional sport spends billions of dollars each year enhancing the chances to reach the ultimate goal in winning the World Series. Major League Baseball is one of the few remaining sports that have an uneven balance in the franchise wage capacity to acquire top talented players. The areas of concentration in this research paper will be player salaries, winning percentage, player performance, and salary caps. The disparity in payroll numbers among the lowest and highest-market capitalizations brings about the question; Can a small-market team be viable and compete against the marquee players? The data examined here may or may†¦show more content†¦Comparing them to the Cleveland Indians who were ranked number 23 out of 30 top salaries in the league, they also had 96 wins that year. (CBSSports, 2007) Salaries have no direct impact on the number of wins in a season based on the payroll budget per team. Major League Baseball does not have a salary cap, but they have installed a luxury tax. The New York Yankees have had to pay this luxury tax, yet for 7 straight seasons they have not won a World Series. The Angels who are number 4 in the payroll standings missed the playoffs altogether in 2006. (CBSSports, 2007) The New York Yankees and the Cleveland Indians both won 94 games during the baseball season; however, the New York Yankees spent $129 million dollars more than the Cleveland Indians. (Silver, 2007) The opportunity to gain more elite players in a particular franchise is imminent when the payroll budget is excessive, but it does not necessarily determine the number of wins. Even the highest paid players may have off-seasons when they may not play at their fullest potential. Two of the highest paid players are on the New York Yankees, yet their number of wins is the same as the Cleveland Indians. CBSSports shows that not one of the Cleveland Indian players has made the top 50 salaries in Major League Baseball (CBSSports, 2007). The subsequent research papers will focus on investigating and examining all pertinent data that will accuratelyShow MoreRelatedDescriptive Statistics : An Definition Of Statistics Essay934 Words   |  4 PagesIntroduction to descriptive statistics help: Definition of Statistics: In simple terms, statistics is termed as a branch of mathematics which basically deals with collection of data and its subsequent analysis and interpretation both qualitatively and quantitatively. In most of the cases the data is numerical, but there are also cases when the data is non-numerical such as relationship between objects. Without statistics, it would be difficult to maintain anything numerical in nature and extremelyRead MoreDescriptive Statistical Of Descriptive Statistics982 Words   |  4 Pagesdistribution of number of miles to class 1- Shape of graph- positively skewed (as tail on right) Question 2 Descriptive statistics of miles Descriptive statistics of minutes Descriptive statistics for age Descriptive statistics for Meals eat out Descriptive statistics for Job Experience Descriptive statistics for Coffee Descriptive statistics for Books read Descriptive statistics for languages Question 3 1. Percentage of diet drinks preferred in class 2. Percentage of studentsRead MoreDescriptive Statistics817 Words   |  4 Pagesdepartments. Use of Statistics and Probability in the Real World We us probability in our everyday lives we are just un-ware of when it’s being used such as when watching the new and the weather man says there is a 90% chance (probability) that it will rain. When bets are made the person making the bet estimates the probabilities of a teaming winning, also when flipping a corn there is 50/50 chance (probability) of getting tails or heads on the corn toss. In school statistics are used for test scoresRead MoreDescriptive and Inferential Statistics955 Words   |  4 PagesDescriptive and Inferential Statistics Statistical methods in psychology have two main branches, which are descriptive and inferential. They each play a major part in the data that is collected for research and other studies. This paper will show the functions of statistics, how descriptive and inferential statistics are defined and the relationship between the two. Statistics is a necessary tool in psychology. It provides data for research studies as well as providing background information andRead MoreDescriptive and Inferential Statistics1122 Words   |  5 PagesRunning head: DESCRIPTIVE AND INFERENTIAL STATISTICS 1 Descriptive and Inferential Statistics DESCRIPTIVE AND INFERENTIAL STATISTICS 2 Descriptive and Inferential Statistics Descriptive and inferential statistics are incredibly similar forms of research testing within psychology. Each seeks to analyze, describe, and possibly predict a population’s behavior. As with psychology itself, statistical analysis within psychology began as a philosophy (Goodwin, 2008). This philosophy quicklyRead MoreDescriptive and Inferential Statistics699 Words   |  3 PagesWhen faced with an analysis of a situation which deals with a population, an analyzer will incorporate both descriptive and inferential statistics to evaluate his or her results and create a credible conclusion. Descriptive statistics provides information focused on an immediate group of data. After defining what needs to be analyzed, the descriptive statistics will help the analyzer abridge the data to a more meaningful and comprehendible form, which will then provide patterns in his or her researchRead MoreInferential and Descriptive Statistics2154 Words   |  9 PagesBefore we continue the discussion about the basic descriptive data elements that are needed to answer the question I previously posed, it is important to understand what we mean by descriptive statistics. Descriptive statistics describe the features of the data collected. In other words, descriptive statistics describe â€Å"what† the data looks like, but it does not tell you why or how data elements interact or influence one another. Descriptive statistics provide a defender with summaries about the dataRead MoreDescriptive and Inferential Statistics Paper1139 Words   |  5 PagesDescriptive and Inferential Statistics Paper PSY 315 Descriptive and Inferential Statistics Whether doing original research or conducting literature reviews, one must conclude what a powerful and versatile tool statistics are in the hands of researchers. From basic statistics such as data description, to using complex statistical methods to foresee future patterns or strengthen scientific claims about current climates, the role of statistics in research cannot be taken lightly and is essentialRead MoreDescriptive and Inferentail Statistics Essay889 Words   |  4 PagesDescriptive and Inferential Statistics Paper Descriptive and Inferential Statistics Paper Statistics are used for descriptive purposes, and can be helpful in understanding a large amount of information, such as crime rates. Using statistics to record and analyze information, helps to solve problems, back up the solution to the problems, and eliminate some of the guess work. In Psychology there has to be a variable or variables to be organized, measured, and expressed as quantities. InformationRead MoreWhat are Descriptive Statistics? Essay1931 Words   |  8 PagesWHAT ARE DESCRIPTIVE STATISTICS? Before we continue the discussion about the basic descriptive data elements that are needed to answer the question I previously posed, it is important to understand what we mean by descriptive statistics. Descriptive statistics describe the features of the data collected. In other words, descriptive statistics describe â€Å"what† the data looks like, but it does not tell you why or how data elements interact or influence one another. Descriptive statistics provide