Data from 2003 for Various Groups Shows That for Each

question 1

Multiple Choice

Data from 2003 for various groups shows that for each $100 increase in the median weekly income for whites, the median weekly income of blacks increases by $60.85. When the median weekly income for whites was $665 and for blacks was $524. Let W represent the median weekly income for whites and B the median weekly income for blacks, and write the equation of the line that gives B as a linear function of W. ​

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Definitions:

Excess Return

The return achieved by an asset that exceeds the risk-free rate of return.

Excess Returns

Excess returns refer to the returns achieved above a benchmark or a risk-free rate of return.

Market Index

A statistical measure that reflects the overall movement of the market or a specific sector of the market.

Global Minimum Variance Portfolio

An investment portfolio that aims to achieve the lowest possible level of risk (variance) for a given rate of expected return, comprising assets from around the world.