Total 2005 CEO compensation for the largest U.S. companies by revenue is reported in the following frequency distribution, along with some summary statistics. Total compensation includes salary, bonuses, stock and incentives, the potential value of stock options, and gains from stock options exercised.

Total Compensation

(in millions of $) ............................. Frequency

Less than 5 ....................................... 43

5 up to 10 ......................................... 65

10 up to 15 ....................................... 32

15 up to 20 ....................................... 38

20 or more ........................................ 60

.................................................. n = 238

Other summary statistics for CEO compensation (in millions of $) are as follows:

a. Conduct a goodness-of-fit test for normality of CEO compensation at the 1% significance level.
b. Conduct the Jarque-Bera test at the 1% significance level.
c. Does total compensation of CEOs for the largest U.S. companies not follow the normal distribution?

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Standard Mean Median Deviation Skewness Kurtosis 19.0311.02 2761 5.26 35.53