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?
Correct Answer:
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The test statistic is given by
JB = (n/...View Answer
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Correct Answer:
Verified
The test statistic is given byJB = (n/...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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