The Following Table Shows the Observed Frequencies of the Amount

question 45

Essay

The following table shows the observed frequencies of the amount of assets under management for a sample of 134 hedge funds.The table also contains the hypothesized proportion of each class assuming the amount of assets under management has a normal distribution.The sample mean and standard deviation are 15 billion and 11 billion respectively. a.Set up the competing hypotheses for the goodness-of-fit test of normality for amount of assets under management.
b.Calculate the value of the test statistic and determine the degrees of freedom.
c.Specify the critical value at the 5% significance level.
d.Is there evidence to suggest the amount of assets under management do not have a normal distribution?
e.Are there any conditions that may not be satisfied?

---

Definitions:

Rod Function

The role of rod cells in the eye, primarily responsible for vision at low light levels (scotopic vision).

Cone Cells

Cells in the eye's retina called photoreceptors are crucial for seeing colors and achieving sharp vision in well-lit environments.

Binocular Vision

Vision using two eyes at the same time; responsible for depth perception when the visual fields of the eyes overlap.

Rhodopsin

A light-sensitive receptor protein found in the rods of the retina, critical for vision in low-light conditions.