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A) what value represents the 40th percentile of these returns?
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A) what value represents the 40th percentile of these returns?

User Tomascapek
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You need to look at the scale of different values and find one which is in the 40th percentile. This means 40 percent are higher and 60 percent are lower than the value you select. This can be done by figuring out the middle and going up a bit.
User Chrixian
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