The annual returns for three portfolios are shown in the following table. Portfolios P and R were created in 2009, Portfolio Q in 2010.
**Annual Portfolio Returns (%)**2009 2010 2011 2012 2013 Portfolio R 1.0 –1.0 4.0 4.0 3.0
Q. The median annual return from portfolio creation to 2013 for:
a.Portfolio P is 4.5%.
b.Portfolio Q is 4.0%.
c.Portfolio R is higher than its arithmetic mean annual return.
C is correct. The median of Portfolio R is 0.8% higher than the mean for Portfolio R.
Im getting a Mean of 2.2 & Median of 4 … 4 - 2.2 = 1.8