Question

x -0.866814795 0.246760949 -1.941532121 -1.349364804 -1.2719308 0.041524942 -1.260881767 -1.919982531 1.069766838 0.126693327 0.56232258 -3.477629996 -0.50921569 -1.041538702 0.927902673...

x
-0.866814795
0.246760949
-1.941532121
-1.349364804
-1.2719308
0.041524942
-1.260881767
-1.919982531
1.069766838
0.126693327
0.56232258
-3.477629996
-0.50921569
-1.041538702
0.927902673
-1.886318642
-0.947717933
-0.517901391
0.464380212
0.669566568
-1.871671743
0.871785352
0.454823474
-1.484602438
0.196486146
-0.296430492
0.310630635
-0.99949377
1.517300693
0.51442553
1.042602278
-0.946326752
-1.235822297
0.195479473
1.153261165
-2.401193004
-0.309749812
-1.197759389
0.648040849
0.227328284
-3.18840536
1.533954067
-0.003152563
0.510618268
-0.632352932
1.546035914
-0.046914203
-3.313719129
-0.668958723
-1.692939866
-0.630330374
-1.703667561
-1.796672624
0.02399107
0.810327704
0.881329225
-2.460992201
0.00739322
0.985632034
0.68582808
-0.696083097
-0.040699229
-0.223475501
2.288817442
-2.342788745
1.210997479
-2.039779613
-2.918206794
-0.75831006
0.255096769
0.088790435
1.922839486
3.629661875
-2.224789801
-0.40786832
0.144902184
1.526375332
-0.51334803
-0.653129602
0.990575862
0.944063474
0.449693299
-2.47490641
0.693052234
-0.049980378
-0.938827743
0.715943848
-1.824928377
-1.548146999
-1.485329409
2.518166289
-0.850357131
-0.501121251
-1.344041161
-3.928113465
-1.403579215
-0.288223637
-0.112644625
0.314366646
-0.097004813
0.84138832
0.875335524
-1.350918043
-1.774707365
-1.551614446
-1.038060235
-1.519519034
-1.135505366
-0.604088976
-1.355424015
-1.730459217
0.887236791
0.434089315
-0.779106458

-1.295212792

There are 115 independent observations on a random variable X. It is known that σ2=1.4934.

  1. Compute the p-value for the null hypothesis H0:E(X)=1.4
  2. Using a significance level of 5%, do you reject H0 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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x -0.866814795 0.246760949 -1.941532121 -1.349364804 -1.2719308 0.041524942 -1.260881767 -1.919982531 1.069766838 0.126693327 0.56232258 -3.477629996 -0.50921569 -1.041538702 0.927902673...
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