The Fan Cost Index measures the average cost for a typical family to attend a Major League…
The Fan Cost Index measures the average cost for a typical family to attend a Major League Baseball game. The index comprises the prices of two adult average-price tickets, two child average-price tickets, two small draft beers, four small soft drinks, four regular-size hot dogs, parking for one car, two game programs, and two adult-size adjustable caps (the least expensive). The Excel file Fan Cost Index lists the index for each MLB team for the 2012 season. Using Excel,
a. Calculate the mean.
b. Calculate the median.
c. Determine the mode.
d. Which of these three measurements would best describe the central tendency of the data?
e. Describe the shape of this distribution