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.
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