Answer
The average salary is more than $2.3$ million, and the range of salaries is $5.175$ million. The median salary is $1.5$ million, so the group of salaries is top heavy (a higher mean than median salary). 25% of the players have a salary less than $931,250$, and 25% of the players have a salary more than $3,937,500$.
Work Step by Step
$mean =
(575000+575000+690000+700000+715000+900000+925000+950000+1000000+1250000+1400000+1500000+1500000+1500000+1850000+2000000+2500000+3500000+3750000+4000000+4000000+4000000+5000000+5000000+5750000+5750000)/26$
$mean = 61280000/26$
$mean = 2,356,923$
The median, $Q_{1}$, and $Q_{3}$ values were calculated by entering the data points into Microsoft Excel.
