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®, 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.
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.
Format your assignment consistent with APA format.
Case Study #1 – Election Results
When an election for political office takes place, the television
networks cancel regular programming and instead, provide election
coverage. When the ballots are counted, the results are reported.