Suppose you want to determine if mutual funds quarterly returns have a normal distribution when your available data is partitioned into some non-overlapping intervals with given frequencies.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 goodness-of-fit test for normality is specifically designed to determine if a dataset follows a normal distribution by comparing observed frequencies with expected frequencies under the normal distribution assumption.

Suppose You Want to Determine If Mutual Funds Quarterly Returns