Assignment
In this assignment, students will learn how statistical analysis is used in predicting an election winner in the first case. In the second case, students will conduct a hypothesis test to decide whether or not a shipping plan will be profitable.
Assignment Steps
Resources: Microsoft Excel, Case Study Scenarios, SpeedX Payment Times
Develop a 750 word statistical analysis based on the Case Study Scenarios and SpeedX Payment Times.
Include answers to the following:
Case 1: Election Results
• Use 0.10 as the significance level (α).
• Conduct a one-sample hypothesis test to determine if the networks should announce at 8:01 P.M. the Republican candidate George W. Bush will win the state.
Case 2: SpeedX
• Use 0.10 and the significance level (α).
• Conduct a one-sample hypothesis test and determine if you can convince the CFO to conclude the plan will be profitable.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.
Attachment:- Cases.rar