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

Answer

$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.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions
GradeSaver will pay $500 for your Textbook Answer contributions