Question

For a large sporting event the broadcasters sold 57 ad slots for a total revenue of $143 million. what was the mean price per ad slot?

a) $2 million
b) $2.5 million
c) $3 million
d) $2.8 million

Answer 1

The mean price per ad slot is approximately $2.5 million.

Step-by-step explanation:

To find the mean price per ad slot, we need to divide the total revenue by the number of ad slots. The total revenue is $143 million and the number of ad slots is 57. So, the mean price per ad slot is $143 million divided by 57, which is approximately $2.5 million.