PLEASE DO NOT PLAGIARIZE
FOLLOW THE INSTRUCTIONS PROVIDED AND SHOW WORK IN EXCEL PLEASE
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.
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. Please note student options as noted in the announcement posted 7/29/2019 at 12:06 a.m.
Include answers to the following (Students are required to complete both cases.):
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.
Submit your assignment. Please note student submission options as noted in the announcement posted 7/29/2019 at 12:06 a.m.