You are given the following empirical distribution: 3, 5, 6, 6, 6, 7, 7, 10. Let β1 be the value of β in the standard deviation principle such that μ + β1σ = VaR0.85. Let β2 be the value of β in the...

You are given the following empirical distribution: 3, 5, 6, 6, 6, 7, 7, 10.

Let β1 be the value of β in the standard deviation principle such that μ + β1σ = VaR0.85. Let β2 be the value of β in the standard deviation principle such that μ + β2σ = TVaR0.85(L). Calculate β2 - β1.