Each Year Advertisers Spend Billions of Dollars Purchasing Commercial Time

question 58

Multiple Choice

Each year advertisers spend billions of dollars purchasing commercial time on network television. In the first 6 months of one year, advertisers spent $1.1 billion. Who were the largest spenders? In a recent article, the top 10 leading spenders and how much each spent (in million of dollars) were listed: $$\begin{array} { l r l r } \text { Company A } & \$ 71.4 & \text { Company F } & \$ 27.1 \\\text { Company B } & 60.1 & \text { Company G } & 25.1 \\\text { Company C } & 56.5 & \text { Company H } & 23.1 \\\text { Company D } & 55 & \text { Company I } & 22.9 \\\text { Company E } & 28.6 & \text { Company J } & 20.6\end{array}$$ Calculate the sample variance.

• A) 372.307
• B) 3759.244
• C) 2070.113
• D) 1854.860

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Definitions:

Substitute Goods

Products or services that can serve as replacements for each other, satisfying similar customer needs or desires.

Macroeconomic Effect

Refers to the large-scale impacts on an economy, including changes in inflation, unemployment, gross domestic product, and national income.

Microeconomics

studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on total national income, employment, and price levels.