How Salary Range Tiers are Calculated

I dynamically calculate the salary ranges using statistical methods to ensure fairness and accuracy.

First, the mean (average) salary is computed. The standard deviation is based on the salaries of all drivers throughout the season to this point.

Next, five salary tiers are created (each is rounded to the nearest 100) :

• Very Low Salary ($): Below the mean minus 1.5 times the standard deviation.
• Low Salary ($$): Between the mean minus 1.5 times the standard deviation and the mean minus 0.5 times the standard deviation.
• Average Salary ($$$): Within 0.5 times the standard deviation from the mean.
• High Salary ($$$$): Between the mean plus 0.5 times the standard deviation and the mean plus 1.5 times the standard deviation.
• Very High Salary ($$$$$): Above the mean plus 1.5 times the standard deviation.

The intention of this approach is to create balanced tiers that accurately represent a driver's salary in relation to their peers.