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.