Each Year Advertisers Spend Billions of Dollars Purchasing Commercial Time

question 115

Multiple Choice

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. Who were the largest spenders? In a recent article, listedthe top 10 leading spenders (in million of dollars) : $$\begin{array} { l r l r } \text { Company A } & \$ 70.7 & \text { Company F } & \$ 27.3 \\\text { Company B } & 60.7 & \text { Company G } & 26.1 \\\text { Company C } & 55.4 & \text { Company H } & 22.8 \\\text { Company D } & 54.8 & \text { Company I } & 23 \\\text { Company E } & 28.7 & \text { Company J } & 19.4\end{array}$$ Calculate the sample variance.

• A) 367.36
• B) 19.17
• C) 38.89
• D) 51.30

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Definitions:

Customer Payment

A transaction where a customer completes payment for goods or services received from a business.

Create Invoice

The method by which a document is created to list and document a transaction between a buyer and a seller.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Checking Account

A bank account that allows the depositor to withdraw funds using checks or electronic debit, typically used for day-to-day expenses.