Question: 3 September 2 0 0 8 Q 2 Five years ago a financial institution issued a specialized type of Investment bond and Investors had the
September Q
Five years ago a financial institution issued a specialized type of Investment bond and Investors had the option to cash In after or years. The following table gives a frequency distribution showing the numbers of those Investors who cashed in at each stage.
tableDuration length of time held before being cashed in year, years, years, years, years
Calculate the sample mean and standard deviation of the duration of these bonds before being cashed in
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