Staying with the Cyprus Industries analysis in the question above, assume that the standard error on your regression beta is 0.30.

Returns of Cyprus = 0.15% + 1.80 x Returns of S&P 500 where R2 = 35%. Which of the following estimates would provide a range for the true beta with 95% confidence?

Hint: The range of beta with 95% confidence = point estimate of beta 2 standard error of beta

Question 69 options:

a. 1.20 to 2.40

b. 1.50 to 2.10

c. 1.65 to 1.95

d. 0.90 to 2.70

e. None of the above