## Description

**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.

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## Explanation & Answer

Attached.

Case 2:

To test the hypothesis is that the mean payment is different from 30 days at 10% significance

level.

Null Hypothesis:

H 0 : 30

Alternate Hypothesis:

H1 : 30

By using MINITAB, we find t-test:

Or

Mean of the sample

x 21.63

N

Mean standard deviation

...