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


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.