In: Statistics and Probability
Compute the weighted average (round to the nearest cent) for the following table of values:
x | f(x) |
$ 5 | 25 |
$ 20 | 11 |
$ 30 | 8 |
$ 75 | 3 |
$ 100 | 1 |
Also, what is the median dollar value from this data?
Compute the geometric mean return (rounded to 4 decimal places) for the following:
Year | Return |
1 | 15% |
2 | -20% |
3 | 30% |
4 | -8% |
5 | 25% |
If you invested $1,200, how much would it be worth after 5 years (round to the nearest cent)?
When you answer the question put the 4 answers first, in this order and label like this:
Weighted Average:
Median value from the weighted average problem:
Geometric Mean Return:
What would be the value of $1,200:
And then explain the difference between weighted average and geometric mean.