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

3 September 2008 Q2
Five years ago a financial institution issued a specialized type of Investment bond and Investors had the option to cash In after 1,2,3,4 or 5 years. The following table gives a frequency distribution showing the numbers of those Investors who cashed in at each stage.
\table[[Duration (length of time held before being cashed in)],[1 year,2 years,3 years,4 years,5 years],[130,151,97,64,98]]
Calculate the sample mean and standard deviation of the duration of these bonds before being cashed in.
3 September 2 0 0 8 Q 2 Five years ago a

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