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.
