Question
The following table gives the average monthly balances for one bank customer for June through August. Calculate the weighted average balance for the three-month
The following table gives the average monthly balances for one bank customer for June through August. Calculate the weighted average balance for the three-month period. Note that each average monthly balance must be weighted by the number of days in that month. Round to the nearest cent. Average Monthly Balances for a Bank Customer (June through August) Month Average Monthly Balance June $1961.61 July $2567.91 August $1732.89
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Introductory Statistics
Authors: Prem S. Mann
8th Edition
9781118473986, 470904100, 1118473981, 978-0470904107
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