Question

The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.

Days to
Maturity
Dollar Value
($ millions)
16 10
14 10
6 25
5 10
4 30

 

Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds. Round your answer to 2 decimal places.

 

days

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