Get QNT561 Election and SpeedX Case Study Assignment Help Solutions

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
No references
Microsoft Excel®, Case Study Scenarios, SpeedX Payment Times
Develop the 8 step process for testing hypothesis (show the eight steps) 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.