Correlation coefficient is covariance(A,B)/σa*σb
A distribution of S&P 500 annual returns for a period of 10 years has a third quartile which is the 8.25th element arranged in the ascending order, that corresponds to a return of 12.62%. Which of the following is least likely true about the data?
About 25% of the returns lie below 12.62%
The probability of finding a return less than 12.62% in the dataset is 0.825