Based on Lab $9\mathrm{.}1$ Excel, Descriptive and Diagnostic Analytics: Calculating Returns to Investments Using the Sharpe Ratio, using the results of the descriptive statistics below, which statistic would you use to identify the investment with the highest risk?

A spreadsheet shows statistical results for S and P $500($includes dividends$),$ B a a Corporate Bond, and U S T$.$ Bond. The results for S and P $500$ are shown in columns A and B from rows $3$ through $15,$ as follows: Mean, $0\mathrm{.}118206.$ Standard error, $0\mathrm{.}020072.$ Median, $0\mathrm{.}1452.$ Mode, not available. Standard deviation, $0\mathrm{.}194608.$ Sample variance, $0\mathrm{.}037872.$ Kurtosis, $0\mathrm{.}125039.$ Skewness, negative $0\mathrm{.}44474.$ Range, $0\mathrm{.}964.$ Minimum, negative $0\mathrm{.}4384.$ Maximum, $0\mathrm{.}5256.$ Sum, $11\mathrm{.}1114.$ Count, $94.$ The results for B a a Corporate Bond are shown in columns C and D from rows $3$ through $15,$ as follows: Mean, $0\mathrm{.}071857.$ Standard error, $0\mathrm{.}007748.$ Median, $0\mathrm{.}06465.$ Mode, not available. Standard deviation, $0\mathrm{.}075121.$ Sample variance, $0\mathrm{.}005643.$ Kurtosis, $0\mathrm{.}64706.$ Skewness, $0\mathrm{.}296424.$ Range, $0\mathrm{.}4473.$ Minimum, negative $0\mathrm{.}1568.$ Maximum, $0\mathrm{.}2905.$ Sum, $6\mathrm{.}7546.$ Count, $94.$ The results for U S T Bond are shown in columns E and F from rows $3$ through $15,$ as follows: Mean, $0\mathrm{.}051099.$ Standard error, $0\mathrm{.}007921.$ Median, $0\mathrm{.}0328.$ Mode, not available. Standard deviation, $0\mathrm{.}076795.$ Sample variance, $0\mathrm{.}005897.$ Kurtosis, $1\mathrm{.}642672.$ Skewness, $0\mathrm{.}980655.$ Range, $0\mathrm{.}4393.$ Minimum, negative $0\mathrm{.}1112.$ Maximum, $0\mathrm{.}3281.$ Sum, $4\mathrm{.}8033.$ Count, $94.$

Multiple Choice

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