2. You are an analyst at Garcia Investment Firm. Your boss has asked you to analyze the summary statistics of the return distributions of two actively managed portfolios given below. Which portfolio is likely to have extreme negative outliers compared to a normal distribution? (4 points) Portfolio 1 Portfolio 2 Average 1.46% 3.46% SD 10.35% 5.66% Skewness -2.31 1.88 Exc. Kurtosis 7.45 -3.83 a. Portfolio 1 b. Portfolio 2 c. Both portfolios 1 and 2 d. Depends on the correlation coefficient

2. You are an analyst at Garcia Investment Firm. Your boss has asked you to analyze the summary statistics of the retum distributions of two actively managed portfolios given below. Which portfolio is likely to have extreme negative outliers compared to a normal distribution? (4 points} - Portfoliol Portfolio2 _ \"1.35% 5.515% Portfolio 1 Portfolio 2 Both portfolios 1 and 2 Depends on the correlation coefficient FIPP'P