(1) The term "beta" refers to a measure of a stock's price volatility relative to the stock market as a whole. A beta of 1 means the stock's price moves exactly with the market. A beta of 1.6 means the stock's price would increase by 1.6% for an increase of 1% in the stock market. A larger beta means the stock price is more volatile. The beta values for the stocks of certain companies are shown in the following table.

Company Beta Company Beta Company 1 1.24 Company 16 0.62 Company 2 0.99 Company 17 1.23 Company 3 1.2 Company 18 0.56 Company 4 1.36 Company 19 0.69 Company 5 1.11 Company 20 0.47 Company 6 1.36 Company 21 0.72 Company 7 0.97 Company 22 0.73 Company 8 1.19 Company 23 0. 18 Company 9 1.79 Company 24 0.86 Company 10 1.22 Company 25 0.88 Company 11 0.92 Company 26 1.22 Company 12 0.9 Company 27 0.82 Company 13 0.84 Company 28 0.04 Company 14 1.84 Company 29 0.26 Company 15 0.78 Company 30 1.1\fO Frequency N 0.00-0.09 (b) Construct a histogram. Company 1 Company 1 O Company 9 O Company 9 O Company 28 O Company 14 O Company 23 O Company 14 Company 23 Company 28 0.10-0.19 (d) Which stock has the highest beta? 0.20-0.29 Which stock has the lowest beta? 0.30-0.39 (c) Comment on the shape of the distribution. 0.40-0.49 0.50-0.59 0.60-0.69 O The distribution is almost perfectly symmetric. 0.70-0.79 The distribution is somewhat skewed to the left. O The distribution is somewhat skewed to the right. 0.80-0.89 Beta 0.90-0.99 1.00-1.09 1.10-1.19 1.20-1.29 1.30-1.39 1.40-1.49 1.50-1.59 1.60-1.69 1.70-1.79 1.80-1.89 Frequency N w 0.00-0.09 0.10-0.19 0.20-0.29 0.30-0.39 0.40-0.49 0.50-0.59 0.60-0.69 0.70-0.79 0.80-0.89 Beta 0.90-0.99 1.00-1.09 1.10-1.19 1.20-1.29 1.30-1.39 1.40-1.49 1.50-1.59 1.60-1.69 1.70-1.79 1.80-1.89 Frequency N w 0.00-0.09 0.10-0.19 0.20-0.29 0.30-0.39 0.40-0.49 0.50-0.59 0.60-0.69 0.70-0.79 0.80-0.89 Beta 0.90-0.99 1.00-1.09 1.10-1.19 1.20-1.29 1.30-1.39 1.40-1.49 1.50-1.59 1.60-1.69 1.70-1.79 1.80-1.89 Frequency N w 0.00-0.09 0.10-0.19 0.20-0.29 0.30-0.39 0.40-0.49 0.50-0.59 0.60-0.69 0.70-0.79 0.80-0.89 Beta 0.90-0.99 1.00-1.09 1.10-1.19 1.20-1.29 1.30-1.39 1.40-1.49 1.50-1.59 1.60-1.69 1.70-1.79 1.80-1.89