Question

For a large sporting event, the broadcasters sold 54 ad slots for a total revenue of $135 million. What was the mean price per ad slot?

a) $2.5 million
b) $2.0 million
c) $2.8 million
d) $2.3 million

Answer 1

The mean price per ad slot is calculated by dividing the total revenue of $135 million by the number of ad slots sold (54), resulting in a mean price of $2.5 million per ad slot.

Step-by-step explanation:

To find the mean price per ad slot for a large sporting event, we need to divide the total revenue generated by the number of ad slots sold. In this case, the total revenue is $135 million and there were 54 ad slots sold.

The calculation to find the mean price per ad slot would be:

1. Divide the total revenue by the number of ad slots: $135 million / 54 slots.
2. Perform the division to get the mean price per ad slot.

The mean price per ad slot is:

$135 million ÷ 54 = $2.5 million

Therefore, the mean price per ad slot is $2.5 million, which corresponds to option (a).