For a large sporting event the broadcasters sold 52 ad slots for a total revenue of $164 million. what was the mean price per ad slot?

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:

Therefore, the mean price per ad slot is:

So, the mean price per ad slot is $3.153 million.

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