OPENER-IN-REVIEW In the chapter opener, you learned that Bill Miller's investment performance was alternating between the very top and the very bottom of his profession. What aspect of his investment strategy would lead you to expect that his performance might exhibit greater volatility than that of managers of other mutual funds? The following table shows the annual performance from 2009 to 2012 of Miller's fund and the S&P 500 index. Opportunity Year 2009 2010 2011 2012 S&P 500 Return on Miller's Fund 76.0% 16.6 -34.9 39.6 Return on S&P 500 26.5% 15.1 2.1 16.0 Calculate the average annual return of the Opportunity fund and the S&P 500. Which performed better over this period? If you had put $1,000 in each invest- ment at the beginning of 2009, how much money would you have in each investment at the end of 2012? Calculate the standard deviation of the Opportu- nity fund's return and those of the S&P 500. Which is more volatile