Question: Question 6 (2 points) You need to estimate the cost of advertising on television in the largest 20 markets during late news, with a goal

Question 6 (2 points) You need to estimate the

Question 6 (2 points) You need to estimate the cost of advertising on television in the largest 20 markets during late news, with a goal of 50 gross rating points (GRPs) per market. Use the information below. Select the cost of 50 GRPs. Markets Top 10 Top 20 Top 30 Prime $1,750 $3,200 $3,950 Cost per rating point Late news $1,200 $2,100 $2,700 Daytime $515 $930 $1,350 QUESTION HINT AND DIRECTIONS Pick a line in the table that corresponds to top 20 markets. Note that the cost of advertising is provided for 20 markets cumulatively (e.g., the cost of 1 GRP (or 1 rating point) for advertising during prime time on television in top 20 markets is $3,200, etc.). Find the price of 1 GRP (1 rating point) for top 20 markets for the late news advertising on television. . You need to buy 50 GRPs and you know the price of 1 GRP. You can calculate the total cost of 50 GRPs. $5,000 $600 $500,000 $105,000

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