The following table shows the total return and the number of funds for four categories of mutual funds. Excel File: data03-17.xlsx Type of Fund Domestic Equity International Equity Specialty Stock Hybrid Number of Funds Total Return (%) 9191 4.65 2621 18.15 11.36 1419 2900 6.75 a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)

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The following table shows the total return and the number of funds for four categories of mutual funds.
Excel File: data03-17.xlsx
Type of Fund
Domestic Equity
International Equity
Specialty Stock
Hybrid
Number of Funds
Total Return (%)
9191
4.65
2621
18.15
11.36
1419
2900
6.75
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
Transcribed Image Text:The following table shows the total return and the number of funds for four categories of mutual funds. Excel File: data03-17.xlsx Type of Fund Domestic Equity International Equity Specialty Stock Hybrid Number of Funds Total Return (%) 9191 4.65 2621 18.15 11.36 1419 2900 6.75 a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
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