In the file named Problem17datat.xlsx, you are given daily returns on Facebook stock. Use this data to

Question:

In the file named Problem17datat.xlsx, you are given daily returns on Facebook stock. Use this data to answer the following questions: 

Do Facebook stock returns exhibit significant skewness?

Identify all the outliers (using the rule of thumb). Is the number of outliers consistent with the rule of thumb?

There is a 1 percent chance that the daily return on Facebook will exceed ____.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: