=+56. Mutual funds, historical. Here is an ogive of the distribution of monthly returns for a group

Question:

=+56. Mutual funds, historical. Here is an ogive of the distribution of monthly returns for a group of aggressive (or high growth) mutual funds over a period of 25 years. (Recall from Exercise 55 that an ogive, or cumulative relative frequency graph, shows the percent of cases at or below a certain value. Thus this graph always begins at 0% and ends at 100%.)

80 100 60 Cumulative Percent 40 20 0

−20 −10 0 Mutual Fund Returns (%)

10 20

a) Estimate the median.

b) Estimate the quartiles.

c) Estimate the range and the IQR.

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Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

ISBN: 978-1292243726

3rd Edition

Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman

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