From the Following Table of Values and Corresponding Sample Sizes,calculate

question 116

Essay

From the following table of values and corresponding sample sizes,calculate the weighted mean.

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Definitions:

Loan

A sum of money that is borrowed, often from a financial institution, which is expected to be paid back with interest.

Interest

The payment required for obtaining the service of borrowing funds, typically denoted as a yearly percentage rate.

Interest Rate

The proportion of interest charged to a borrower by a lender for the use of borrowed money.

Investment

The operation of earmarking financial resources with the hope of obtaining a return or profit.