If we include one more return observation of 10 in our data


1. Calculate the first quartile of a distribution that consists of the following asset returns: 10%, 23%, 13%, 17%, 19%, 5%, 4%.

2. If we include one more return observation of 10% in our data set, what is the new value of the first quartile?

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Econometrics: If we include one more return observation of 10 in our data
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