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Descriptive Statistics Essay

1546 words - 6 pages

Descriptive Statistics Paper- PAGE 1 - - PAGE 1 -
RUNNING HEAD: Descriptive Statistics PaperAbstractThis paper focuses on statistics of Major League Baseball and the research problem that if the stadium size and amount of fans necessarily mean that the team has more money to spend on the players. Two teams will be looked at, the New York Yankees with the largest stadium and the Boston Red Sox who seat the fewest. Different variables will be focused on to determine that if the team's salaries and stadium size relate to more fans, more wins, and the populations of the cities that they are played in.Descriptive Statistics PaperAs Jake Norworth wrote "Take me out to the ball game, Take me out to the crowd, Buy me some peanuts and cracker jacks, I don't care if I ever get back, and it's root, root, root, for my home team, If they don't win, it's a shame cause it's one, two, three strikes you're out at the old ball game." Americans love watching baseball and they love the stadiums they are played in. Stadiums sizes vary some are 57,746 square feet and others being 38,127 square feet. This research will investigate if a correlation between the size of the stadium and the amount of fans that a professional baseball team has potential to bring in, relates to the amount of money that they have available to spend on their players.This research believes there can be three possible outcomes. The first possible outcome concerning the research would have to be supply and demand. The second possible outcome for this research could be taking a risk on a losing team. The third possible outcome for this research is if spending money on a minor league team can prove to be profitable in the majors. The outcome of this research will depend on different variables such as the average fans per game, team winning percentage, and the city or area in which the team plays, all aids in the attendance and teams salaries. Research will show that through the teams winning percentage, area in which they play in, and other factors, baseball teams could run a successful team organization and pay the players an excessive amount of money.Sampling DesignSince it's impossible to study the entire population of baseball this research will be using a few different samples. The samples that this research will be using are the relationship between attendance, player influence, team performances, and the size of the stadium. By using these samples it's hoped to draw valid conclusions.Data collectionWithin this data collection process, the data is looking to see if the correlation between the size of the stadium and the amount of fans that a professional baseball team has potential to bring in, relates to the amount of money that they have available to spend on their players. From the chart below it can be seen that most of the stadiums could hold between 40,000 and 45,000 fans. The highest percentage of teams player salaries are between $80 million dollars to $100 million dollars. The New...

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