Suppose you want to determine if mutual funds quarterly returns have a normal distribution using quantitative summary statistics.The most appropriate test is the:
A)Goodness-of-fit test for a multinomial experiment
B)Chi-square test for independence
C)Goodness-of-fit test for normality
D)Jarque-Bera test for normality

Question

Quizplus · Accepted Answer

The Jarque-Bera test is specifically designed to test whether sample data have the skewness and kurtosis matching a normal distribution, making it suitable for testing normality of mutual funds' returns.

Suppose You Want to Determine If Mutual Funds Quarterly Returns