The University of Cincinnati claims that their students on average earn more than $40,000 when they graduate. A sample of 16 students reveals a mean of $30,000 and a sample standard deviation of $10,000. The population is normal. Given a level of Type, I Error, = 5%, test the claim. This may be a t-distribution problem. So be careful; A) State the null and alternative hypothesis. B) State the significance level. C) Compute the test statistic. D) The theoretical statistic. E) Test the claim.