QNT561 R9 Week5 Case Study Election Results & SpeedX - Detailed Solution

One-Sample Hypothesis Testing Cases

Purpose of Assignment 

The purpose of this assignment is to develop students' abilities to combine the knowledge of descriptive statistics covered in Weeks 1 and 2 and one-sample hypothesis testing to make managerial decisions. 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 700- to 1,050-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. 

Format your assignment consistent with APA format.