The accompanying data represent the monthly rate of return of a certain company's common stock for the past few years. Complete parts (a) and (b) below.
0.26 0.26 0.04 0.06 0.06 −0.04 −0.04 0.22
0.47 0.06 - 0.16 0.19 0.05 0.18 0.09 0.02
−0.05 −0.02 0.08 0.02 −0.02 0.13 −0.08 −0.02
0.06 −0.01 0.07 −0.05 0.01 −0.10 0.02 0.03
0.01 0.11 −0.11 0.09 0.10 0.25 −0.02 0.03
Determine and interpret the quartiles.
Interpret the quartiles.
A. 25% of the monthly returns are less than or equal to the first quartile. 50% of the monthly returns are less than or equal to the second quartile. 75% of the monthly returns are less than or equal to the third quartile.
B. 25% of the monthly returns are more than or equal to the first quartile. 50% of the monthly returns are more than or equal lo the second quartile. 75% of the monthly returns are more than or equal lo the third quartile.
C. 75% of the monthly returns are less than or equal to the first quartile. 50% of the less than or equal lo the third quartile.

Question

17-08-2020
Business

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The accompanying data represent the monthly rate of return of a certain company's common stock for the past few years. Complete parts (a) and (b) below.
0.26 0.26 0.04 0.06 0.06 −0.04 −0.04 0.22
0.47 0.06 - 0.16 0.19 0.05 0.18 0.09 0.02
−0.05 −0.02 0.08 0.02 −0.02 0.13 −0.08 −0.02
0.06 −0.01 0.07 −0.05 0.01 −0.10 0.02 0.03
0.01 0.11 −0.11 0.09 0.10 0.25 −0.02 0.03
Determine and interpret the quartiles.
Interpret the quartiles.
A. 25% of the monthly returns are less than or equal to the first quartile. 50% of the monthly returns are less than or equal to the second quartile. 75% of the monthly returns are less than or equal to the third quartile.
B. 25% of the monthly returns are more than or equal to the first quartile. 50% of the monthly returns are more than or equal lo the second quartile. 75% of the monthly returns are more than or equal lo the third quartile.
C. 75% of the monthly returns are less than or equal to the first quartile. 50% of the less than or equal lo the third quartile.

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Answer:

A. 25% of the monthly returns are less than or equal to the first quartile. 50% of the monthly returns are less than or equal to the second quartile. 75% of the monthly returns are less than or equal to third quartile.

Explanation:

The data shows that the data is less than 25% in the first quartile. The other half of the data falls in the second quartile which is about almost 50% of the data. The 75% of the monthly returns are less than or equal to the third quartile.