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The Following Table Shows Numerical Summaries of the Worst Quarter

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The following table shows numerical summaries of the worst quarter returns (in percentages)for a sample of 121 hedge funds. The following table shows numerical summaries of the worst 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 worst quarter returns. B)Calculate the value of the test statistic and find the p-value. C)Does the evidence suggest the worst quarter returns do not have a normal distribution at the 5% significance level?
A)Set up the competing hypotheses for the Jarque-Bera test for normality for the worst quarter returns.
B)Calculate the value of the test statistic and find the p-value.
C)Does the evidence suggest the worst quarter returns do not have a normal distribution at the 5% significance level?

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blured image The test statistic value is given by
JB...

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