Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Background: There was no 2004-05 National Hockey Leagues season due to a labour dispute among the players and the teams. One of the results of the labour dispute was a salary cap which limits how much every team’s payroll can be. The current collective bargaining agreement (CBA) is expiring at the end of this season.

Role: For this assignment, you work for a statistics consulting firm that assists businesses understand and contextualize data. The T.V. network Sports network has hired your company to do an in-depth analysis of the results of the salary cap on salaries in the NHL. Your job is to present a report to the Sports network which can be employed in their series “How the NHL’s CBA changed hockey.” The report requires taking the numerical data and summarizing it in such a manner that the sportscasters can easily communicate the effects of the salary cap on teams’ payrolls to their viewing audience. You will use Megastar to do this and work in groups of three.

Assignment:

The objective of this assignment is to answer the subsequent problem, using statistics: What effects did the salary cap have on team payrolls in the NHL?

To do this, contrast the team payrolls from the 2003/04 season and the 2005/06 season.  Contrast the data by visually representing data and analyzing evaluates of central tendency and measures of variation. Once this is done, comprising computation and graphs, prepare down an analysis where you will describe your conclusions and what they mean regarding what has happened to the team payrolls in the NHL.

Notes:

You require to properly citing all material in report. Each report will have at least one citation as every group will require citing where they got their data from. The style of citation (Chicago, APA, etc.) should be consistent.

Though this is about the NHL, you don’t necessarily need to know much about hockey. Instead the focus in on payrolls, collective bargaining agreements, and salary caps. It is important that you familiarize yourself with these ideas.  Some helpful websites to begin your search might include: nhlnumbers.com and capgeek.com. Other internet sources such as the NHL team sites or Wikipedia may be helpful.  A grading rubric will be provided ahead of time on the course blackboard site.

- Choice of visual representation: The choices of visual representations are extremely appropriate and extremely comprehensive. The choices aid the viewer to understand the effects of the salary cap very easily.

- Visual representation: All of the visual representations are extremely well laid out, appropriately labelled and easy to read.

- Measures of central tendency: The choices of measures of central tendency are very suitable and extremely comprehensive. The explanations provided deep understanding of the effect of the salary cap. The analysis was perceptive.

- Measures of variation: The choices of measures of variation are extremely appropriate and very comprehensive. The explanations provided deep understanding of the effect of salary cap. The analysis was perceptive.

- Summary: All of the statements in summary are supported by suitable evidence. The main problem of the assignment is answered in a perceptive and sophisticated manner.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9963

Have any Question? 


Related Questions in Statistics and Probability

Microcomputer components a staff analyst for a manufacturer

Microcomputer components. A staff analyst for a manufacturer of microcomputer components has compiled monthly data for the past 16 months on the value of industry production of processing units that use these components ...

Problem 1 a menu offers a choice of 3 salads 8 main dishes

Problem 1. A menu offers a choice of 3 salads, 8 main dishes, and 5 desserts. How many different meals consisting of one salad, one main dish, and one dessert are possible? Problem 2. Wing has different books to arrange ...

1 how many conditions are there in the simplest possible

1. How many conditions are there in the simplest possible experiment? 2. Describe how participants are assigned to conditions in randomized groups, matched-subjects, and repeated measures experimental designs. 3. What ar ...

Satistics project come up with a survey pick a population

Statistics Project: Come up with a survey: Pick a population Come up with 4 variablesà 2 Quantitative & 2 Qualitative (make up numbers) Pick 50 data points for each variable, make a table on excel, use a scatter plot gra ...

What is the difference between the standard deviation

What is the difference between the standard deviation, standard error of the mean, and standard error of the estimate? Discuss and offer examples.

What is voter suppression in america write one page

What is voter suppression in America. Write one page explaining voter's suppression.

Imagine that the equation for predicting y from x is y 112

Imagine that the equation for predicting y from x is y = 1.12 - .47x. How would you use this equation to predict a particular individual's score?

In a poll of 2003 adults within the united states for the

In a poll of 2,003 adults within the United States for the Wall Street Journal, 57% of adults said that public education needs to be improved. Construct a 95% confidence interval for the proportion of all U. S. adults wh ...

A group of statistics students decided to conduct a survey

A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week. Based on a simple random sample, they surveyed 45 students. The s ...

Some accounting firms give the client an option to pay a

Some accounting firms give the client an option to pay a fee when the tax return is completed that guarantees tax advices and support from the accountant if the client were audited. A large accounting firm is trying to d ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro