BUS520 Confidence Intervals and Hypothesis Testing

Help me study for my Business class. I’m stuck and don’t understand.

1. Complete the following tasks in the Module 2 SLP assignment template:
   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 =CONFIDENCE.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?