Port Orleans Shipping markets different services to the tourism, defense, and trade segments. The firm designs separate offers f
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Answer:
The colorado ranching is not expanding
Explanation:
The null hypothesis, H₀ : μ = 2.7 billion
Alternative hypothesis, Ha : μ > 2.7 billion
n = 30
The observed test statistic,
Degree of freedom = n-1 = 30 -1 = 29
Significance level = 0.05
For the critical value, we check the t - table at 0.05 significance level
Since, we will accept H₀
That is the mean total cash receipt is 2.7 billion and the colorado ranching is not expanding