Question: Baseball salaries Brad Lidge played a crucial role as the Phillies' "closer," pitching the end of many games throughout the season. Lidge's salary for the 2008 season was $6,350,000.
(a) Find the percentile corresponding to Lidge's salary. Explain what this value means.
(b) Find the z-score corresponding to Lidge's salary. Explain what this value means.