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The following data is provided on the returns from a universe of mutual funds over the previous year: 1st Quartile 2nd Quartile 3rd Quartile Return
The following data is provided on the returns from a universe of mutual funds over the previous year:
1st Quartile | 2nd Quartile | 3rd Quartile | |
Return | 8.0% | 9.5% | 9.8% |
Which of the following statements is supported by the data?
Group of answer choices
A. The average fund return was between 9.5% and 9.8%.
B. Threequarters of funds achieved returns more than or equal to 9.8%.
C. One quarter of funds achieved returns that were less than or equal to 8%.
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