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?
Definitions:
Genetically Determined
Traits or characteristics that are influenced by genes inherited from one's parents.
Social Psychology
The analysis of the ways in which the presence, whether real, perceived, or suggested, of other people affects an individual's mental processes, emotions, and actions.
Multiple-Choice Options
A selection method where a question is followed by several possible answers, and the respondent must choose the best one.
Hierarchy of Goals
An arrangement of objectives in which some are prioritized above others according to their importance or urgency.
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