Many people have misconceptions about how profitable small, consistent investments can be. In a survey of 1,010 randomly selected American adults (Associated Press, October 29, 1999), only 374 responded that they thought that an investment of $ 25 per week over 40 years with a 7% annual return would result in a sum of over $ 100,000 (the actual amount would be $ 286,640). Is there convincing evidence that less than 40% of U.S. adults think that such an investment would result in a sum of over $ 100,000? Test the relevant hypotheses using α = 0.05.