The following table shows numerical summaries of the worst 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 worst quarter returns.
B) Calculate the value of the test statistic and find the p-value.
C) Does the evidence suggest the worst quarter returns do not have a normal distribution at the 5% significance level?

Question

The following table shows numerical summaries of the worst 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 worst quarter returns.
B) Calculate the value of the test statistic and find the p-value.
C) Does the evidence suggest the worst quarter returns do not have a normal distribution at the 5% significance level?

Quizplus · Accepted Answer

The Answer of The following table shows numerical summaries of the worst 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 worst quarter returns.
B) Calculate the value of the test statistic and find the p-value.
C) Does the evidence suggest the worst quarter returns do not have a normal distribution at the 5% significance level?

The Following Table Shows Numerical Summaries of the Worst Quarter