In a 1997 Case, the Supreme Court Ruled That the Use

question 98

Essay

In a 1997 case, the Supreme Court ruled that the use of public school teachers to teach congressionally mandated remedial courses to disadvantaged students in New York parochial schools was constitutional. Compare the court's reasoning there with its reasoning in Lemon v. Kurtzman, and explain what the difference seems to be.

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Definitions:

Beta

A measurement of the volatility of a security or a portfolio in comparison to the market as a whole, used as a measure of systematic risk.

Treynor Measure

A performance metric for determining how well an investment compensates the investor for taking risk, comparing returns above the risk-free rate to the investment's market risk.

Standard Deviation

A statistical measure that represents the dispersion or variability of a data set, commonly used in finance to quantify the risk of investment returns.

Beta

A measure of a security's volatility compared to the market as a whole, indicative of its relative risk.