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Reading 7: Statistical Concepts and Market Returns - LOS e

Q6. The following data points are observed returns.

4.2%, 6.8%, 7.0%, 10.9%, 11.6%, 14.4%, 17.0%, 19.0%, 22.5%, 28.1%

What return lies at the seventh decile (70% of returns lie below this return)?

A)   17.0%.

B)   18.4%.

C)   19.0%.

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d

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d

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