Suppose You Want to Determine If the Quarterly Returns for Mutual

question 59

Multiple Choice

Suppose you want to determine if the quarterly returns for mutual funds have a normal distribution using quantitative summary statistics.The most appropriate test is the _________________________________.

• A) goodness-of-fit test for a multinomial experiment
• B) chi-square test for independence
• C) goodness-of-fit test for normality
• D) Jarque-Bera test for normality

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Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Social Impact Theory

Social impact theory suggests that the amount of influence a person experiences in a group situation depends on the strength, immediacy, and number of other people in the group.

Social Expectation

Norms or standards that a society or community holds, which guide and shape behaviors and attitudes of its members.

Social Loafing

When working in a group, individuals tend to contribute less effort towards attaining a goal compared to when they operate solo.