Create a Minimum 750 word statistical analysis based on BOTH the Case Study Scenarios and SpeedX Payment Times.
Address the following
Case 1: Election Results
- Use 0.10 as the significance level (Î±).
- 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 (Î±).
- Conduct a one-sample hypothesis test and determine if you can convince the CFO to conclude the plan will be profitable.