Hypothesis Testing

Develop a 700 word statistical analysis based on the attached 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.