The following table shows numerical summaries of the best quarter returns (in percentages)for a sample of 121 hedge funds.
A)Set up the competing hypotheses for the Jarque-Bera test for normality for the best quarter returns.
B)Calculate the value of the test statistic.
C)Specify the critical value at the 1% significance level.
D)Does the evidence suggest that the best quarter returns do not have a normal distribution?

Question

The following table shows numerical summaries of the best quarter returns (in percentages)for a sample of 121 hedge funds.  
A)Set up the competing hypotheses for the Jarque-Bera test for normality for the best quarter returns. 
B)Calculate the value of the test statistic. 
C)Specify the critical value at the 1% significance level. 
D)Does the evidence suggest that the best quarter returns do not have a normal distribution?

Quizplus · Accepted Answer

The Answer of The following table shows numerical summaries of the best quarter returns (in percentages)for a sample of 121 hedge funds.  
A)Set up the competing hypotheses for the Jarque-Bera test for normality for the best quarter returns. 
B)Calculate the value of the test statistic. 
C)Specify the critical value at the 1% significance level. 
D)Does the evidence suggest that the best quarter returns do not have a normal distribution?

The Following Table Shows Numerical Summaries of the Best Quarter