The Following Table Shows Numerical Summaries of the Worst Quarter

question 73

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 thep-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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