Is the reported mean the population mean m or sample mean

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Reference no: EM131010635

The San Luis Obispo Telegram-Tribune (November 29, 1995) reported the values of the mean and median salary for major league baseball players for 1995. The values reported were $1,110,766 and $275,000.

a. Which of the two given values do you think is the mean and which is the median? Explain your reasoning.

b. The reported mean was computed using the salaries of all major league players in 1995. For the 1995 salaries, is the reported mean the population mean m or the sample mean x? Explain.

Reference no: EM131010635

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