Each year advertisers spend billions of dollars purchasing commercial time on network sports television. In thefirst 6 months of 1988, advertisers spent $1.1 billion. A recent article listed the top 10 leading spenders (inmillions of dollars): $$\begin{array} { l r l r }
\text { Company A } & \$ 70.3 & \text { Company F } & \$ 26.4 \
\text { Company B } & 60.5 & \text { Company G } & 24.6 \
\text { Company C } & 57.9 & \text { Company H } & 21.1 \
\text { Company D } & 54.7 & \text { Company I } & 22.4 \
\text { Company E } & 29.3 & \text { Company J } & 20.9
\end{array}$$ Calculate the mean amount spent.
A) 38.81 million dollars
B) 19.52 million dollars
C) 381.01 million dollars
D) 49.40 million dollars

Question

Each year advertisers spend billions of dollars purchasing commercial time on network sports television. In thefirst 6 months of 1988, advertisers spent $1.1 billion. A recent article listed the top 10 leading spenders (inmillions of dollars): $$\begin{array} { l r l r } 
\text { Company A } & \$ 70.3 & \text { Company F } & \$ 26.4 \
\text { Company B } & 60.5 & \text { Company G } & 24.6 \
\text { Company C } & 57.9 & \text { Company H } & 21.1 \
\text { Company D } & 54.7 & \text { Company I } & 22.4 \
\text { Company E } & 29.3 & \text { Company J } & 20.9
\end{array}$$ Calculate the mean amount spent.
A) 38.81 million dollars
B) 19.52 million dollars
C) 381.01 million dollars
D) 49.40 million dollars

Quizplus · Accepted Answer

To calculate the mean amount spent by these companies, add all the amounts together and then divide by the number of companies (10 in this case). The total amount spent is $70.3 + 60.5 + 57.9 + 54.7 + 29.3 + 26.4 + 24.6 + 21.1 + 22.4 + 20.9 = 388.1 million dollars. Dividing this by 10 gives a mean of $38.81 million.

Each Year Advertisers Spend Billions of Dollars Purchasing Commercial Time