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 thep-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 thep-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 thep-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