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