Final answer:
To plot a histogram of team payrolls, use the Histogram tool and experiment with different interval sizes to find the most appropriate bin size.
Step-by-step explanation:
To plot a histogram of the team payrolls for both leagues, we need to use the Histogram tool. First, set the minimum value of the x-axis to 0. Then, choose an interval size that most clearly shows the payroll distribution. To determine the appropriate bin size, we need to experiment with different options.
Start by trying a bin size of $10 million. If the histogram has too many empty intervals, try a larger bin size like $20 million, $30 million, or $40 million. The goal is to have enough bins to show a good picture of the data spread and clumping without having too many empty intervals. Lastly, make sure to label the endpoints of the intervals for clarity.