Question: This filecontains independent observations on a random variableX. It is known that 2 =1.4934 File Link: https://drive.google.com/open?id=1dUBhnAXO1HpjOW3-pqO2pc6iWuMfygs2 Compute the p-value for the null hypothesisH 0

This filecontains independent observations on a random variableX. It is known that2=1.4934

File Link: https://drive.google.com/open?id=1dUBhnAXO1HpjOW3-pqO2pc6iWuMfygs2

  1. Compute the p-value for the null hypothesisH0: E(X)=1.4
  2. Using a significance level of 5%, do you rejectH0 against a two-sided alternative hypothesis?
  3. Do you need to make any assumptions in order for your test to be valid?

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, the p-value, and your conclusion.

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