How statistical analysis is used in predicting an election winner in the first case

Discuss 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 700- 900 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

(a). 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

(a). Conduct a one-sample hypothesis test and determine if you can convince the CFO to conclude the plan will be profitable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sample Solution

ACED ESSAYS