Question $5(1$ point$)$

Weighted Mean

The following table shows the total return and the number of funds for four categories of mutual funds:

Type of Fund Total Return $(\%)$ Number of Funds

Domestic Equity $4\mathrm{.}655,700$

International Equity $18\mathrm{.}151,190$

Specialty Stock $11\mathrm{.}362,630$

Hybrid $6\mathrm{.}752,360$

Using the number of funds as weights, compute the weighted average total return for these mutual funds.

Omit the $\%$ symbol in your answer; round your result to two decimal places.

Your Answer: