Module - Confidence Intervals and Hypothesis Testing

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BUS 520 Business Analytics and Decision Making Assignment - Trident University, USA

Module - Confidence Intervals and Hypothesis Testing

Assume once again that you are a consultant who works for the Diligent Consulting Group. You are continuing to work on the analysis of the customer database from Module 1.

Assignment Expectations - Complete the following tasks:

1. Generate a 95% confidence interval for the following two variables by hand: "Annual Amount Spent on Organic Food" and "Age."

2. Generate a 95% confidence interval for the following two variables using the Excel formula =CON FIDENCE.T(): Annual Income and Number of People in the Household.

3. Interpret the confidence intervals for each of the variables.

4. The client insists the average income of his organic food customers is $150,000. Conduct a hypothesis test at the 0.10 level to test his statement. What is your decision?

Attachment:- Data File - Confidence Intervals and Hypothesis Testing.rar

Reference no: EM132500673

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