The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The folowing table shows the winners since 1990, their margin of victory, the winning time, and the payoff on a $2 bet. Winning Margin Winning Time (minutes) 2.07119 2.01984 2.04274 2.04019 2.00683 2.01176 2.01219 2.03757 2.03424 2.04526 2.01223 2.01904 2.04362 2.01789 2.00577 2.00327 2.01977 2.05274 2.03637 2.00356 2.03206 2.04908 2.03248 2.06990 Payoff on a $2 Win Bet 31.40 53.10 10.60 5.50 12.60 9.80 8.30 4.60 5.50 10.30 48.90 5.60 5.60 5.00 5.70 103.50 22.50 7.20 107.50 20.30 32.20 45.80 30.00 14.60 (lengths) 3.25 2.75 50 3.25 1.75 1.25 Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Winner Unbridled Strike the Gold Lil E. Tee Sea Hero Go For Gin Thunder Gulch Grindstone Silver Charm Real Quiet Charismatic Fusaichi Pegasus Monarchos War Emblem Funny Cide Smarty Jones Giacomo Barbaro Street Sense Big Brown Mine That Bird Super Saver Animal Kingdom I'l Have Another Orb nose head 0.50 neck 1.00 4.00 3.75 1.75 3.75 0.50 7.75 3.25 5.75 7.25 2.00 2.75 2.50 3.25

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The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race
track is one and one-quarter miles. The folowing table shows the winners since 1990, their margin of
victory, the winning time, and the payoff on a $2 bet.
Winning Margin Winning Time
(minutes)
2.07119
Payoff on a
$2 Win Bet
Year
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
Winner
(lengths)
3.25
Unbridled
Strike the Gold
Lil E. Tee
Sea Hero
Go For Gin
Thunder Gulch
31.40
53.10
10.60
5.50
12.60
9.80
8.30
4.60
5.50
10.30
48.90
5.60
5.60
5.00
5.70
103.50
22.50
7.20
107.50
20.30
32.20
45.80
2.75
50
3.25
1.75
1.25
2.01984
2.04274
2.04019
2.00683
2.01176
2.01219
2.03757
2.03424
2.04526
2.01223
2.01904
2.04362
2.01789
2.00577
2.00327
2.01977
2.05274
2.03637
2.00356
2.03206
2.04908
2.03248
Grindstone
Silver Charm
nose
head
0.50
neck
1.00
4.00
3.75
1.75
Real Quiet
Charismatic
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Fusaichi Pegasus
Monarchos
War Emblem
Funny Cide
Smarty Jones
Giacomo
Barbaro
Street Sense
Big Brown
Mine That Bird
Super Saver
Animal Kingdom
I'll Have Another
3.75
0.50
7.75
3.25
5.75
7.25
2.00
2.75
2.50
2012
2013
30.00
14.60
Orb
3.25
2.06990
Click here for the Excel Data File
Transcribed Image Text:The Kentucky Derby is held the first Saturday in May at Churchill Downs in Louisville, Kentucky. The race track is one and one-quarter miles. The folowing table shows the winners since 1990, their margin of victory, the winning time, and the payoff on a $2 bet. Winning Margin Winning Time (minutes) 2.07119 Payoff on a $2 Win Bet Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Winner (lengths) 3.25 Unbridled Strike the Gold Lil E. Tee Sea Hero Go For Gin Thunder Gulch 31.40 53.10 10.60 5.50 12.60 9.80 8.30 4.60 5.50 10.30 48.90 5.60 5.60 5.00 5.70 103.50 22.50 7.20 107.50 20.30 32.20 45.80 2.75 50 3.25 1.75 1.25 2.01984 2.04274 2.04019 2.00683 2.01176 2.01219 2.03757 2.03424 2.04526 2.01223 2.01904 2.04362 2.01789 2.00577 2.00327 2.01977 2.05274 2.03637 2.00356 2.03206 2.04908 2.03248 Grindstone Silver Charm nose head 0.50 neck 1.00 4.00 3.75 1.75 Real Quiet Charismatic 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fusaichi Pegasus Monarchos War Emblem Funny Cide Smarty Jones Giacomo Barbaro Street Sense Big Brown Mine That Bird Super Saver Animal Kingdom I'll Have Another 3.75 0.50 7.75 3.25 5.75 7.25 2.00 2.75 2.50 2012 2013 30.00 14.60 Orb 3.25 2.06990 Click here for the Excel Data File
Click here for the Excel Data File
Determine the mean and median for the variables winning time and payoff on a $2 bet. (Round your
winning time mean and median to 4 decimal places and Payoff answers to 2 decimal places.)
a.
Variables
winning time
Payoff
Mean
Median
b.
Determine the range and standard deviation of the variables winning time and payoff on a $2 bet.
(Round your winning time range and standard deviation to 4 decimal places and Payoff
answers to 2 decimal places.)
Variables
winning time
Payoff
Range
Standard deviation
C-1. Refer to the variable winning margin. What is the level of measurement?
(Click to select)
C-2. What measure of location would be most appropriate?
(Click to select) v
Transcribed Image Text:Click here for the Excel Data File Determine the mean and median for the variables winning time and payoff on a $2 bet. (Round your winning time mean and median to 4 decimal places and Payoff answers to 2 decimal places.) a. Variables winning time Payoff Mean Median b. Determine the range and standard deviation of the variables winning time and payoff on a $2 bet. (Round your winning time range and standard deviation to 4 decimal places and Payoff answers to 2 decimal places.) Variables winning time Payoff Range Standard deviation C-1. Refer to the variable winning margin. What is the level of measurement? (Click to select) C-2. What measure of location would be most appropriate? (Click to select) v
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 C-1. Refer to the variable winning margin. What is the level of measurement? (Click to select) C-2. What measure of location would be most appropriate? (Click to select) v

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