Final Project STATS

Monetary values of NFL Teams. Forbes magazine (Sep. 1, 2005) reported the financial standings of each time in the National Football League (NFL). The next table lists current team value (without deduction for debt, except stadium debt) and operating income for each team in 2004. Answer the following questions.

1. Use a statistical software package to construct a histogram for an NFL team’s current value. Write a short report based on the histogram.
2. Does the distribution of current values appear to be skewed? Explain.
3. Find the mean, median and standard deviation of the current values.
4. Calculate the z-scores for the Pittsburgh Steelers’ current value and operating income.
5. Interpret the two z-scores of part (d).
6. Which other NFL teams have positive current value z-scores and negative operating income z-scores?
7. Identify any outliers in the current value dataset.
8. . Give the null and alternative hypotheses for testing whether the mean current value, \[\mu \] , differs from $900 million.
9. . Find the test statistic for the hypothesis test.
10. . Give the rejection region for the hypothesis test using \[\alpha =.05.\]
11. . State the appropriate conclusion for the hypothesis test.
12. . Construct the 95% confidence interval for \[\mu \] .

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Solution: The downloadable solution consists of 9 pages, 658 words and 3 charts.
Deliverable: Word Document