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Exhibit 7.1 The Following Questions Are Based on the Problem Below

question 7

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Exhibit 7.1
The following questions are based on the problem below.
A company wants to advertise on TV and radio. The company wants to produce about 6 TV ads and 12 radio ads. Each TV ad costs $20,000 and is viewed by 10 million people. Radio ads cost $10,000 and are heard by 7 million people. The company wants to reach about 140 million people, and spend about $200,000 for all the ads. The problem has been set up in the following Excel spreadsheet. Exhibit 7.1 The following questions are based on the problem below. A company wants to advertise on TV and radio. The company wants to produce about 6 TV ads and 12 radio ads. Each TV ad costs $20,000 and is viewed by 10 million people. Radio ads cost $10,000 and are heard by 7 million people. The company wants to reach about 140 million people, and spend about $200,000 for all the ads. The problem has been set up in the following Excel spreadsheet.   -Refer to Exhibit 7.1. What formula goes in cell D6? A)  =SUMPRODUCT(B2:B3,B6:B7)  B)  =B2*C2+B6*C6 C)  =SUMPRODUCT(B2:C2,B10:C10)  D)  =SUMPRODUCT(B2:C2,B6:C6)
-Refer to Exhibit 7.1. What formula goes in cell D6?


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