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Explain the appropriate statistical analysis for the following hypothesis:
H1: The average household income in zip code 71227 is greater than $50, 000.
Top 10 Percent
A term often used in educational contexts to denote students who rank in the top 10% of their class based on grades or academic achievement.
Previous Twelve Months
A period extending back from the current date covering the span of one full year.
Age Discrimination
Unfair treatment or prejudice against individuals based on their age, which is illegal in employment and other areas.
Employment Act
Legislation that regulates labor conditions, including hours, wages, and working conditions.
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