An investor calculated these percentages of each of three stock investments with payoffs as shown. Find the average payoff. Use the weighted mean.
Answer to relevant QuestionsIn an advertisement, a transmission service center stated that the average years of service of its employees were 13. The distribution is shown here. Using the weighted mean, calculate the correct average. Number of ...A shopping mall has set up a promotion as follows. With any mall purchase of $50 or more, the customer gets to spin the wheel shown here. If a number 1 comes up, the customer wins $10. If the number 2 comes up, the customer ...The following information shows the amount of debt students who graduated from college incur. If a person who graduates has some debt, find the probability that a. It is less than $5001 b. It is more than $20,000 c. It is ...A family special at a neighborhood restaurant offers dinner for four for $39.99. There are 3 appetizers available, 4 entrees, and 3 desserts from which to choose. The special includes one of each. Represent the possible ...According to the Bureau of the Census, the following statistics describe the number (in thousands) of young adults living at home or in a dormitory in the year 2004. Choose one student at random. Find the probability that ...
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