# Election Results Case Study 4

*label*English

*timer*Asked: Sep 30th, 2017

*account_balance_wallet*$15

### Question Description

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.** **

**Click **the Assignment Files tab to submit your assignment

## Tutor Answer

Attached.

Running Head: CASE STUDY

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CASE STUDY

Name

Institution

Date

CASE STUDY

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Introduction

As a business owner, you will need to make decisions that will affect your business.

Before making your business decisions, it is important to verify your decision based on available

information. Just a simple example, a marketing manager may be interested to know if brand X

is performing better than brand Y. This can be determined by comparing the average sales of

brand X and brand Y. If the averages sales are different, the next step is to find out if the

difference is significant or just by chance. To know this, you will need to perform some form of

‘laboratory experiment’ using various statistical procedures. One method used is a hypothesis

test. A hypothesis test is a statistical experiment used to measure the reasonableness of a given

theory or premise. The first step is to forma...

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