The Following Table Shows the Observed Frequencies of the Quarterly

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?