In testing the effect of stock volatility on institutional ownership, you regress percent institutional ownership as dependent variable, on volatility and log market cap as independent variables, using a sample of 61 firms. The regression F statistic is 9.4, and the t-statistic on the coefficient for volatility is 3.3. You decide to conduct the Breusch-Pagan test for conditional heteroskedasticity, so you regress the squared residuals of your model on the independent variables, and find an R^2 of 0.16. What is the chi-squared test statistic for conditional heteroskedasticity?

Please show work in excel.