For each of the following scenario, identify and explain why it is either consistent with or a violation of the efficient market hypothesis (EMH)? a) About half of all managed mutual funds are able to outperform the S&P 500 in a typical year. b) Money managers who could outperform the market on a risk-adjusted basis in one year are likely to outperform in the following year. c) Stock prices tend to be predictably more volatile in January than in other months. d) Stock prices of companies that announce increased earnings in January tend to outperform the market in February. e) Stocks that perform well in one week perform poorly in the following week. PLEASE EXPLAIN WITH 3 SENTENCES MINIMUM FOR EACH PART. 1500 point reward