The title of Chass's 1993 article gives the spurious impression that all Major League baseball players earned at least $1,000,000 during the 1993 season. More importantly, the distribution of salaries for that season is positively skewed to a nonmoderate degree The median salary, $481,250, therefore, is a better representation of the “typical” salary of a Major Leaguer in 1993 than the mean, $1,116,946, used by Chass. A discussion of an aspect of 1993 salaries of Major Leaguers is offered using the median rather than the mean as focal point.
Get full access to this article
View all access options for this article.
References
1.
ChassM. (1993, April 11) 25 men on a team and 7 figures per man. The New York Times, CXLII, Sports Sunday, Section 8, p. 4.
2.
KaneE. J. (1968) Economic statistics and econometrics. New York: Harper & Row.
3.
YuleG. U., & KendallM. G. (1950) An introduction to the theory of statistics. (14th ed.) New York: Hafner.
