Many politicians believe that the Occupy Wall Street protesters are not representative of the average American. You read that the average annual income of American adults is $40,000. You decide to test his claim by taking a random sample of 40 Occupy protesters. You find an average income of $39,000 and a standard deviation of $2,500 in your sample. Is there sufficient evidence at the alpha=.01 level to conclude that on average income of Occupy Wall Street protesters is significantly different than $40,000?
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