[All Steps] Investment Earnings An investor calculated these percentages of each of three stock investments with payoffs as shown. Find the average payoff.
Question: Investment Earnings An investor calculated these percentages of each of three stock investments with payoffs as shown. Find the average payoff. Use the weighted mean.
| Stock | Percent | Payoff |
| A | 30 | $10,000 |
| B | 50 | 3,000 |
| C | 20 | 1,000 |
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