Two investment advisers are comparing performance. One averaged a 19% return and the other a 16% return. However, the beta of the first adviser was 1.5, while that of the second was 1.0. If the T-bill rate was 6%, and the market return during the period were 14%, can you tell which adviser was a better selector of individual stocks (aside from the issue of general movements in the market)? Explain. (5pts) 3