Purpose of Assignment
The purpose of this assignment is to develop students’ abilities to combine the knowledge of descriptive
statistics covered in Weeks 1 (Statistics Concepts and Descriptive Measures Data Set) and 2 (analytical
capabilities to evaluate, analyze, and apply descriptive statistics techniques to real-world datasets) and onesample hypothesis testing to make managerial decisions.
You will select one of the two cases in this assignment. 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: Use attached Microsoft Excel®, Case Study Scenarios, SpeedX Payment Times
Select one of the two cases.
Develop a 550 word statistical analysis based on the selected case from the Case Study Scenarios and
SpeedX Payment Times.
Include answers to the following using the 8 Step Hypothesis Testing Process covered in Week 4 (payment
time case study you provided week prior). To earn full credit, note that your analysis should clearly show all
8 steps of the hypothesis test process in the correct order.
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
Format your assignment consistent with APA format.
Submit your Microsoft Word assignment. Do not submit an Excel document.