The Following Table Shows the Observed Frequencies of the Quarterly

question 62

Essay

The following table shows the observed frequencies of the quarterly returns for a sample of 60 hedge funds.The table also contains the hypothesized proportions of each class assuming the quarterly returns have a normal distribution.The sample mean and standard deviation are 3.6% and 7.4% respectively. a.Set up the competing hypotheses for the goodness-of-fit test of normality for the quarterly returns.
b.Calculate the value of the test statistic and determine the degrees of freedom.
c.Compute the p-value.Does the evidence suggest that the quarterly returns do not have a normal distribution at the 10% significance level?

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