Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 3 - Section 3.1 - Assess Your Understanding - Vocabulary and Skill Building - Page 135: 11


$3.01 million

Work Step by Step

Mean price per ad slot=(Total revenue from all ad slots) $\div$ (number of slots) Mean price per ad slot=$\frac{165.5\times10^{6}}{55}=3009090.9\approx3010000$ Therefore, the mean price per ad slot was $3.01 million.
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