Each year advertisers spend billions of dollars purchasing commercial time on network sports television. In the first 6 months of 1988, advertisers spent $1.1 billion. A recent article listed the top 10 leading spenders (in millions of dollars): $$\begin{array} { l l l r }
\text { Company A } & \$ 71 & \text { Company F } & \$ 24.9 \
\text { Company B } & 61.9 & \text { Company G } & 24.4 \
\text { Company C } & 56.6 & \text { Company H } & 23 \
\text { Company D } & 56.3 & \text { Company I } & 22.5 \
\text { Company E } & 29.2 & \text { Company J } & 20.3
\end{array}$$ Calculate the mean amount spent.
A) 39.01 million dollars
B) 19.84 million dollars
C) 393.71 million dollars
D) 50.70 million dollars

Question

Each year advertisers spend billions of dollars purchasing commercial time on network sports television. In the first 6 months of 1988, advertisers spent $1.1 billion. A recent article listed the top 10 leading spenders (in millions of dollars): $$\begin{array} { l l l r } 
\text { Company A } & \$ 71 & \text { Company F } & \$ 24.9 \
\text { Company B } & 61.9 & \text { Company G } & 24.4 \
\text { Company C } & 56.6 & \text { Company H } & 23 \
\text { Company D } & 56.3 & \text { Company I } & 22.5 \
\text { Company E } & 29.2 & \text { Company J } & 20.3
\end{array}$$ Calculate the mean amount spent.
A) 39.01 million dollars
B) 19.84 million dollars
C) 393.71 million dollars
D) 50.70 million dollars

Quizplus · Accepted Answer

To calculate the mean amount spent, add all the amounts together and then divide by the number of companies (10 in this case). The total spending is $71 + 61.9 + 56.6 + 56.3 + 29.2 + 24.9 + 24.4 + 23 + 22.5 + 20.3 = 390.1 million dollars. Dividing by 10 gives a mean of 39.01 million dollars.

Each Year Advertisers Spend Billions of Dollars Purchasing Commercial Time