The Following Table Shows Numerical Summaries of the Best Quarter

question 15

Essay

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?

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