Data Analysis of World Series

Games

Quarter 3

Introduction:
Acting as the president of CBS, I am submitting a bid on televising
the World Series. Depending on how much advertising revenue I
expect to receive, I will ultimately decide how much to bid. To assist
me in my calculations, I will go over past years to see how many
games were played previously on a 4 to 7 basis. This will help me to
make a bid and to justify that bid accordingly.

Data:
x

Frequency

4
5
6
7

21
24
23
36

Relative
Frequency
21/104= .20
24/104= .23
23/104= .22
36/104= .35

The distribution for both the frequency and relative frequency

histogram is skewed left.

Number of Games in a World Series

45
40

35
30
Frequency

25
20

2
1

36

15
10

21

24

23

5
0
Number of Games

Number of Games in a World Series

9
8
7
6
5
Relative Frequency
4
3
2
1
0

4
3
2
1
1
0.2

2
0.23

0.22

4
0.35

Number of Games

To find the mean of the data, the sum of how many games in each
years World Series is divided by the total years given.
594games/104 years= 5.7
Therefore, 5.7 is the mean.
x
4
5
6
7

f
21
24
23
36
f=104

(x- x )2f=135.36

n=104
variance=

xf
84
120
138
252

(x- x )
-1.7
-0.7
.3
1.3

(x- x )2f
60.69
11.76
2.07
60.84

xf=594

xf
594
=
=5.7
n
104

135.36
135.36
=
=1.3
n1
103
x =5.7

deviation=

(x- x )2
2.89
.49
.09
1.69

standard

1.3 =1.14

median: 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5
5 5 5 5 5 5 5 5 5 5 5 5 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 7 7
7777777777777777777777777777777777
= middle of data
Therefore, the median value is 6.

range= highest value-lowest value= 7-4 =3

Therefore, the range of the data is 3.

Center and Spread of Data:

The purpose of a mean when describing data is the central value of
a set of numbers. The mean is a satisfactory way to describe the data
because 5.7 is almost exactly between 4 and 7. The mean is meant to
describe the center well and 5.7 does just that.
Another way to describe the center of the data is to calculate the
median. The center of a distribution is located at the median of the
distribution. This is the point where about half of the observations are
on either side. In this case, 6 is the median. The median does not do as
good of a job as describing the center of data because in comparison
to 5.7, 5.7 is closer to the middle of 4 and 7.
The standard deviations purpose is to show the spread of data. For
this set of data, standard deviation is 1.14. This number is a good way
to describe the spread of data because all the data (represented by x
(i.e. 4, 5, 6, 7)) is one away from each other and 1.14 is very close to
this.
A different way to show the spread of the data is range. Range is the
difference between the highest and lowest value. It is not necessarily a
better way to describe the spread of data because in this data set the
range is 3 which is farther away from 1.

Probability:
The probability is the likelihood of an event to occur. The following
calculates the probability of playing 4 games, 5 games, 6 games, and 7
games.
sample of years
frequency

4
= 0.038
104
7
= 0.067
104

5
= 0.048
104

6
= 0.058
104

The highest probability for this set of data is for 7 games to occur,
although the probability for all numbers is low.

If each game aired on television earns about 2 million dollars of

advertising revenue then:
the least amount of revenue is
2 million x 4 games= 8 million dollars in advertising revenue
the most amount of revenue is
2 million x 7 games= 14 million dollars in advertising revenue

Bidding:
I would be willing to bid five million dollars to the baseball league for
the exclusive rights to televise the World Series. Over the past 104
years, an average of 5.7 games has been played each year (this can
estimate to 6 games). If multiplied, 2 million dollars times 6 games
would be 12 million dollars. The 5 million dollars bid to the major
league would be subtracted from the 12 million in revenue. Therefore,
there would be a profit of 7 million dollars, which is more than the cost
of the bid.

Conclusion:
After calculating the frequency, center, spread, and probability
for the past years of World Series games, I figured out a justified bid to
pay for the exclusive rights to televise the World Series. The revenue
for the games was found which helped in the uncovering of the best
bid possible. I decided that my best bet is to bid around 5 million
dollars because I will most likely make a 7 million dollar profit.