This question is about the statistical analysis of an efficient portfolio. Please help! Thank you!

Consider again the portfolio risk-return information from part III illustrated below. Efcient Frontier 0.003 0.010 0.012 Portfolio ER 0 006 vbltx O O 'l' D :3 I: N D '3! 0 open D D {:2 D 0.00 0.01 0.02 0.03 0.04 Portfolio SD 1. The points vnx, vpacx and vbltx are the locations for the estimated pairs (69,631,). As a result, there is estimation error in each of the points on the graph. On the graph above, indicate the approximate magnitude of estimation error for each point. That is, for each point sketch the approximate 95% condence region for the true pair (01-, .115). In particular, indicate if estimation error is larger in the horizontal or vertical direction. Hint: recall the standard error formulas for 6 and and use the data in Table 1. 2. Next, consider the estimated global minimum variance portfolio (point labeled Global Min). The estimated portfolio weights t have estimation error, and the estimated expected return me = 171 and volatility 6 'm = (t'flP/Z also have estimation error. The magnitude of these estimation errors can be quantied using the bootstrap. The gure below, shows 500 bootstrap estimates of the pair (0pm: ppm). Using this diagram, briey discuss the estimation error in the pair (6 'm, 12pm) Which element of the pair is estimated more precisely