The upper class in the 2010 survey had household net worth between $1,345,975 and $7,402,095. In 2010,

Question:

The upper class in the 2010 survey had household net worth between $1,345,975 and $7,402,095. In 2010, the interest paid by money market deposit and money market mutual funds paid very low interest. Estimate the mean invested in these accounts by households in the upper class (MMA).

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...