The following table shows the total return and the number of funds for four categories of mutual funds. Excel File: data03-17.xlsx Type of Fund Domestic Equity International Equity Number of Funds Total Return (%) 9191 4.65 2621 18.15 Specialty Stock Hybrid 1419 11.36 2900 6.75 a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals) b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. used for weights? The input in the box below will not be graded, but may be reviewed and considered by your instructor. blank

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The following table shows the total return and the number of funds for four categories of mutual funds.
Excel File: data03-17.xlsx
Type of Fund
Domestic Equity
International Equity
Number of Funds
Total Return (%)
9191
4.65
2621
18.15
Specialty Stock
Hybrid
1419
11.36
2900
6.75
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss.
used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
blank
Transcribed Image Text:The following table shows the total return and the number of funds for four categories of mutual funds. Excel File: data03-17.xlsx Type of Fund Domestic Equity International Equity Number of Funds Total Return (%) 9191 4.65 2621 18.15 Specialty Stock Hybrid 1419 11.36 2900 6.75 a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals) b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. used for weights? The input in the box below will not be graded, but may be reviewed and considered by your instructor. blank
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