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Which of the following is NOT a conclusion that could be derived from plotting a manager's value-added returns relative to the benchmark on a quality control chart? A. If returns are consistently above the horizontal axis this would indicate superior performance on the part of the manager under review. B. The chart can be used to determine whether or not the potential superior performance is statistically significant. C. If value added returns are distributed randomly around the horizontal axis then manager’s added value returns are more or less random. |