A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Using the number of funds as weights, compute the weighted average total return for the mutual funds covered by Morningstar.
Type of Fund |
Number of Funds |
Total Return (%) |
Domestic Equity |
1419 |
6.75 |
International Equity |
2900 |
11.36 |
Specialty Stock |
2621 |
4.65 |
Hybrid |
9191 |
18.15 |
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