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

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.1: Measures Of Center
Problem 13PPS
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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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