Question

The days to maturity for a sample of five money market funds are shown here. The...

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 Dollar Value
Maturity ($ millions)
21 21
13 32
7 11
5 16
6 11

Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).

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Answer #1

Weighted mean number of days to maturity

21 +21+13+32+7+11+5+16+6+11 21+32+11+16+11

= 11.9

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Answer #2

source: self calculations
answered by: Yr
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