Using the daily returns on the EAA Equity Index over the past five years and ranking them

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Using the daily returns on the EAA Equity Index over the past five years and ranking them from lowest to highest daily return, we show the return bins from 1 (the lowest 5 percent) to 20 (the highest 5 percent) as follows:

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Because of the continuous nature of returns, it is not likely for a return to fall on the boundary for any bin other than the minimum (Bin = 1) and maximum (Bin = 20). 

Using the data in Exhibit 4, complete the following tasks:

1. Identify the 10th and 90th percentiles. 

2. Identify the first, second, and third quintiles. 

3. Identify the first and third quartiles. 

4. Identify the median. 

5. Calculate the interquartile range.  

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