Table 14.9 Significance Points of the Jarque-Bera Statistic (Bera and Jarque 1981) 10% POINT 5% POINT 10% POINT 5% PC SAMPLE SIZE n 20 30 2.13 3.26 3.48 4.4 SAMPLE SIZEN 200 250 300 2.49 4.5 3.71 3.99 40 2.70 3.54 3.68 3.76 3.91 4 7 2.90 4.26 400 500 3.09 4.27 50 75 100 125 150 4.6 4.7 4.8 5.4 5.9 3.14 4.29 800 4.32 3.31 00 4.61 4.34 4.39 3.43 10% levels. The recommended procedure, then, is to calculate the statistic, JB, in Equ 14.4 and reject the null hypothesis of normality if the test statistic exceeds the approp value tabulated in Table 14.9. x2 Example 14.5 Daily Stock Market Rates of Return (Test of the Normal Distribution) Daily closing prices of shares of a particular stock for the past year are containe the data file Closing Stock Prices. The sample has n = 251 trading days. Compute daily rates of return and test the null hypothesis that the true distribution for th rates of return is normal