SPY	Portfolio (SPY, MSFT, AAPL, WFC)	BA	Portfolio + BA
Summary Statistics
Average	0.70%	1.04%	1.43%	1.09%
Variance	0.0014	0.0022	0.0038	0.0020
St. Dev.	3.71%	4.64%	6.20%	4.43%
Regression Analysis Summary
Intercept		0.00204	0.00793	0.00287
Beta	1	1.20562	0.92070	1.15489
Var (residuals)		0.000149	0.002676	0.000126
St. Dev. (residuals)		1.22%	5.17%	1.12%
Rf	.05%
R (CAPM)
Jensen Alpha
Treynor Index	0.0065	0.0082	0.0150	0.0090
Sharpe Ratio	0.1740	0.2142	0.2231	0.2350
M^2

1. Calculate M² for BA and (Portfolio + BA), use SPY as a proxy for the Market Portfolio.

a. 0.223% and 0.235%

b. 0.18% and 0.23%

c. 0.14% and 0.11%

d. 0.56% and 0.47%