Suppose you want to determine if the quarterly returns for mutual funds 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 returns.

Suppose You Want to Determine If the Quarterly Returns for Mutual