TOMRA Systems ASA is a Norwegian company that manufactures reverse vending machines (RVMs). In most cases, RVMs are used in markets that have deposits on beverage containers, offering an efficient and convenient method of identifying the deposit amount of each container returned and providing a refund to the customer. For a single-container machine to pay for itself in one year, it would need to generate an average monthly income of more than $750. A random sample of single-machine monthly incomes was obtained to determine if that goal could be reached.

This sample is contained in the file labeled RVMIncome.

Conduct a hypothesis test to determine if the goal can be reached. Use a significance level of 0.05 and the p-value approach.