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

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

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) 19.0%.


C) 18.4%.



Answer: C


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