In 1994, major league baseball players went on strike. at the time, the average salary was $1,049,589, and the median salary was $337,500. if you were representing the owners, which summary would you use to convince the public that a strike was not needed? if you were a player, which would you use? why was there such a large discrepancy between the mean and median salaries? explain.

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Cooper

Business

2 May, 07:54

In 1994, major league baseball players went on strike. at the time, the average salary was $1,049,589, and the median salary was $337,500. if you were representing the owners, which summary would you use to convince the public that a strike was not needed? if you were a player, which would you use? why was there such a large discrepancy between the mean and median salaries? explain.

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Miles Ford · Answer 1

Answer: Average salary, Median Salary, Skewed to the right

Explanation:

The average salary is $$1,049,589

The median salary is $$337,500

Thus, the owners will use the average salary to convince the public that the strike was not needed as it is greater than the median salary.

While, the player's will use the median salary to convince the public that the strike is needed as the median salary is less then the average salary.

The difference in these salaries is more because the distribution is skewed to the right.