Descriptive Statistics Essay

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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
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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 accurately
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