Assignment Content

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, ,

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