Multiple Choice
The following frequency distribution shows the monthly stock returns for Home Depot for the years 2003 through 2007. 
Over the time period,the following summary statistics are provided: Mean = 0.31%,Standard deviation = 6.49%,Skewness = 0.15,and Kurtosis = 0.38.At the 5% confidence level,which of the following is the correct conclusion for this goodness-of-fit test for normality?
A) Reject the null hypothesis;conclude that monthly stock returnsare normally distributed with mean 0.31% and standard deviation 6.49%.
B) Reject the null hypothesis;conclude that monthly stock returnsare not normally distributed with mean 0.31% and standard deviation 6.49%.
C) Do not reject the null hypothesis;conclude that monthly stock returnsare normally distributedwith mean 0.31% and standard deviation 6.49%
D) Do not reject the null hypothesis;conclude that monthly stock returnsare not normally distributed with mean 0.31% and standard deviation 6.49%.
Correct Answer:
Verified
Correct Answer:
Verified
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