SOLUTION:
Step 1:
In this question, we have the following:
Step 2:
From the table above, we have done the calculations involving the mean and the median of the players' salaries as follows:
From the above solutions, we can see that:
The mean = 8,685,153. 333333334
The median = 5,200,000
CONCLUSION:
From the above analysis, it is easy to see that:
For the players' salaries, the mean is greater.