Question: This filecontains independent observations on a random variableX. It is known that 2 =1.4246 File Link: https://drive.google.com/file/d/1tmHsmOMqz1CGlOR4RTFC8YKRiYQVYufm/view?usp=sharing Test H 0 : E(X) =1.6 against H

This filecontains independent observations on a random variableX. It is known that2=1.4246

File Link: https://drive.google.com/file/d/1tmHsmOMqz1CGlOR4RTFC8YKRiYQVYufm/view?usp=sharing

  1. Test H0: E(X) =1.6 against H1: E(X) >1.6using a significance level of 1%. In your answer, you should state the null and alternative hypotheses, the significance level, the PDF of the test statistic under the null hypothesis, the value of the test statistic, and your conclusion.
  2. Do you need to make any assumptions in order for your test to be valid?

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