1. You discover that taking the square root of the average price of a share over the last year enables you to predict the stock price gains over the next quarter with a probability of 80%. Which form(s) of the efficient market hypothesis does this violate?

   		Weak form
   		Semi-strong form
   		Strong form

2. Employees at a pharmaceutical company make large profits by buying shares of the firm when the trials of a drug begin but before the results are announced. Which form of the efficient market hypothesis does this contradict?

   		Weak form
   		Semi-strong form
   		Strong form