LOUIS VUITTON Company is trying to decide whether to open a store at Bagdat street in Istanbul. Based on their previous research, its stores will be successful in regions of this size if the mean...

LOUIS VUITTON Company is trying to decide whether to open a store at Bagdat street in Istanbul. Based on their previous research, its stores will be successful in regions of this size if the mean monthly family income is above 30.000 TL. The standard deviation of monthly family income in Bagdat street region is assumed to be 2.000 TL. A random sample of 25 people was obtained, and the mean monthly income was found to be 31.000 TL. Based on this sample evidence, what should LOUIS VUITTON Company decide? Explain briefly.