Estelles is a manufacturer in a mature cyclical industry. During the most recent industry cycle, its net income averaged $30 million per year with a standard deviation of $10 million (n = 6 observations). Management claims that Estelles's performance during the most recent cycle results from new approaches and that we can dismiss profitability expectations based on its average or normalized earnings of $24 million per year in prior cycles. With as the population value of mean annual net income, assuming that Estelless net income is at least approximately normally distributed, level of significance is 0.05. Determine whether or not to reject the null hypothesis at the 0.05 significance level

		Reject Null Hypothesis
		Accept Null Hypothesis
		Can't be determined with given information
		Normally distributed so can't apply any test statistics