Q:

A baseball team consists of 2 stars, 13 starters, and 10 substitutes. For tax purposes, the team owner must value the players. The value of each player is defined to be the total value of the salary he will earn until retirement. At the beginning of each season, the players are classified into one of four categories: Category 1 Star (earns $1 million per year) Category 2 Starter (earns $400,000 per year) Category 3 Substitute (earns $100,000 per year) Category 4 Retired (earns no more salary) Given that a player is a star, starter, or substituteDetermine the value of team's players.

Accepted Solution

A:
Answer:The total value of the team=$8.2 millionStep-by-step explanation:Step 1Determine the total value of the team as follows;V=(S×s)+(T×t)+(B×b)where;V=total value of the teamS=total value per star players=number of stars in the teamT=total value per startert=number of starters in the teamB=total value per substituteb=number of substitutes in the teamIn our case;S=1 million per years=2 starsT=400,000t=13B=100,000b=10replacing;V=(1,000,000×2)+(400,000×13)+(100,000×10)V=(2,000,000+5,200,000+1,000,000)V=8,200,000=8.2 millionThe total value of the team=$8.2 million