The broadcasters sold 52 ad slots for a total revenue of $164 million.
We need to find the mean price per ad slot.
Mean is defined as the sum total over the number of elements. Here in our case it implies that:
[tex]Mean=\frac{revenue}{ slots}[/tex]
Therefore, the mean price per ad slot is:
[tex]= \frac{164}{52} =3.15[/tex]
So, the mean price per ad slot is $3.153 million.
The mean price per ad slot is $3.15 million.
The mean price per ad slot can be determined by dividing the total revenue derived by the sporting event by the total ad slots. Mean is also known as average. Mean is a measure of central tendency.
Mean price per ad slot = total revenue / total ad slots
$164 million / 52 = $3.15 million
To learn more about mean, please check: https://brainly.com/question/12528427
