The Following Table Shows Numerical Summaries of the Worst Quarter

question 100

Essay

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?

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Definitions:

Cash Basis

An accounting method where revenues and expenses are recognized when cash is actually received or paid out.

Bookkeeping

Bookkeeping is the systematic recording, organizing, and maintaining of financial transactions for a business or individual.

Profit and Loss

Profit and Loss, often referred to as P&L, is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year.

Accounting Reports

Documents that give insights into the financial performance of a business, including trial balances, profit and loss statements, and balance sheets.