Chapter 3
Q. 3.13
NFL Signing Bonuses
Find the midrange of data for the NFL signing bonuses. The bonuses in millions of dollars are
18, 14, 34.5, 10, 11.3, 10, 12.4, 10
Step-by-Step
Verified Solution
The lowest bonus is $10 million, and the largest bonus is $34.5 million.
MR = \frac{10+34.5}{2} = \frac{44.5}{2} = \$22.25 \text{ million}
Notice that this amount is larger than seven of the eight amounts and is not typical of the average of the bonuses. The reason is that there is one very high bonus, namely, $34.5 million.