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The ogive shown below is the distribution of monthly returns for a group of aggressive (or high growth) mutual funds over a period of
The ogive shown below is the distribution of monthly returns for a group of aggressive (or high growth) mutual funds over a period of 25 years from 1975 to 1999. (Recall 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%.) Complete parts a through c to the right. % Below 100- 190 O 80- 70- 60- 50 40- 30- 20- 10 a) Estimate the median. The median is 6%. (Round to the nearest whole number as needed b) Estimate the quartiles. The lower quartile is 3%. (Round to the nearest whole number as needed The upper quartile is 10%. (Round to the nearest whole number as needed c) Estimate the range and the IQR. The range is 27%. (Round to the nearest whole number as needed The IQR is 7%. (Round to the nearest whole number as needed -10-8-6-4-2 0 2 4 6 8 101214161820 Monthly Return
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