Incomes 29109 21546 30417 10104 19279 27578 23581 26949 35423 12971 37895 31308 28256 31494 31552 34440 33347 26768 25225 29250 23437 31921 19869 31693 38974 34767 33131 23815 26714 36735 33136 34007...

Incomes
29109
21546
30417
10104
19279
27578
23581
26949
35423
12971
37895
31308
28256
31494
31552
34440
33347
26768
25225
29250
23437
31921
19869
31693
38974
34767
33131
23815
26714
36735
33136
34007
39674
22759
27323
28875
37991
23100
29289
21065
20760
25332
28665
21338
33246
27501
1327
39562
30752
21887
32228
10133
25943
38223
38362
27569
38213
25181
29607
29690
27114
27497
36364
35330
45575
33222
15717
21607
28861
22407
11334
18836
13190
26210
14940
48983
21182
29351
27038
19260
32626
31240
13790
23167
19559
53556
21745
24758
20145
37975
22640
28622
24653
25567
19951
11195
30646
25490
17034
31027
32939
26919
27831
23640
20727
23450
17718
37815
27443
26913
27273
34833
27059
36773
10541
36607
22582
24738
31808
45441
36924
17833
24812
27882
37357
27177
25161
25976
31626
33644
24163
41845
36000
41866
21561
36483
38562
38257
32205
26054
32774
15059
38706
31978
16295
8113
29631
25330
34295
33129
33399
30039
25912
26605
10286
40673
40759
41675
26489
25183
21902
24217
9053
23633
24876
36081
35547
34660
20765
38715
28147
13520
33985
27194
42318
40073
36581
28977
29865
43225
29897
24342
16257
21263
28967
30534
24586
39966
6914
37739
35311
17283
47932
33411
24062
31911
34260
45958
28929
20889
38709
49685
22010
37126
30196
23522
31948
35261
30185
34416
32770
38143
24482
29892
14099
28276
22362
35448
35193
30938
22874
13906
16270
30643
27880
33914
27181
36287
32618
35435
51462
16117
25961
27658
41604
19776
28030
49731
20149
31712
15141
37742
21791
22124
21605
20258
36634
22245
14125
29148
34450
30368
35781
44163
23179
27684
32202
29616
31265
27711
31661
30009
20299
27605
34780
36633
39882
48667
33194
33926
19571
36943
30437
35146
30657
28479
40563
27587
14896
35955
37899
31861
30029
24875
34903
21248
29461
26043
28026
32637
45792
37418
36075
19764
31767
31569
29122
40277
17311
21835
28813
37453
36700
33457
26134
30112
27828
27208
29144
19284
23400
28025
27821
22579
22108
31372
21404
27984
33828
29313
36379
18626
26992
34019
13383
19651
34292
45159
22635
29829
25022
36841
41440
38941
25277
41226
23561
38169
51824
34754
21164
38510
28641
25296
37486
38751
16922
33310
43229
32430

Above is the excel data and use excel to solve with explanation and write a conclusion at the end, thanks

Extracted text: In the midst of labor-management negotiations, the president of a company argues that the company's blue-collar workers, who are paid an average of $30,000 per year, are well paid because the mean annual income of all blue-collar workers in the country is less than $30,000. That figure is disputed by the union, which does not believe that the mean blue-collar income is less than $30,000. To test the company president's belief, an arbitrator draws a random sample of 350 blue- collar workers from across the country and asks each to report his or her annual income. If the arbitrator assumes that the blue-collar incomes are normally distributed with a standard deviation of $8,000, can it be inferred at the 5% significance level that the company president is correct?