Write 3 pages with APA style on Baseball Management Project. Based on the result, recommendations are drawn that will help the committee to make baseball better while meeting the aspirations of the involved stakeholders.
It has been argued that the money one earns has a bearing to both the players of baseball as well as business owners. The Analysis of Variance (Appendix A) clearly depicts that when the attendance is equal to greater than three million, players enjoy higher salaries when compared to a situation where the fans are less than two million. However, it is worth noting that there was no significant differences in salaries when the attendance was from two million to three million and three million and above. For the 2002 season, a player would be likely to enjoy higher pay when there are over two million fans. As players enjoy higher salaries, business owners will realize increased profits. This attributed to the fact that when there are more fans, business thrive for instance more tickets are sold, there is increase in merchandise being sold as well as food stuff.
In any game usually characterized with competition, there are two main aspects. winning and losing. Ideally, winning competition is very significant in survival of any business entity. In this case, a baseball team that wins will eventually meet the aspirations of players, coaches, support staff to mention but a few. ANOVA results in appendix B indicates that teams are more likely to win if there is a big number of fans attending. This can be attributed to the moral support they receive from their fans. The findings depicts that at 0.05 level of significance, higher fans attendance of three million and above largely influences team wins. For this reason, it would be rational for business owners to encourage more fans to attend in order for them to enjoy the related profits which will be associated with wins.