The ogive shown below is the distribution of monthly returns for a group of aggr

Question

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%.) Estimate the median. The median is 7 %. (Round to the nearest whole number as needed.) Estimate the quartiles. The lower quartile is 4%. (Round to the nearest whole number as needed.) The upper quartile is %. (Round to the nearest whole number as needed.)

Explanation / Answer

Q3 =(3/4)*100 =75 th item

Q1 =11%

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