Write the analyst's claims empirically verified? 7. The analyst also tells you that shares in Chris Mining plc have no systemat risk, in other words that the returns on its shares are completely unrelated to movements in the market. The value of beta and its standard error are calculated to be 0.214 and 0.186, respectively. The model is estimated over thirty-eight quarterly observations. Write down the null and alternative hypotheses. Test this null hypothesis against a two-sided alternative. 8. Form and interpret a 95% and a 99% confidence interval for beta using the figures given in question 7. 9. Are hypotheses tested concerning the actual values of the coefficients (i.e. B) or their estimated values (i.e. B) and why?