(I) The efficient market hypothesis suggests that allocating your funds in the financial markets on the advice of a financial analyst is not likely to prove superior to a strategy of making selections by throwing darts at the financial page.

(II) Most actively managed mutual funds, when compared to a market index such as the Wilshire 5000, provide higher returns to investors than the market index.

Group of answer choices

(I) is false, (II) true.

Both are false.

Both are true.

(I) is true, (II) false.

Explain your answer