Develop a 700- to 1,050-word statistical analysis based on the Case Study

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Mathematics

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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: 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.

One-Sample Hypothesis Testing Cases

One-Sample Hypothesis Testing Cases
Student's Name
Institutional Affiliation

Case Study – Election Results
1

One-Sample Hypothesis Testing Cases

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. However, for important offices such as president or senator in large states, the
networks actively compete to see which will be the first to predict a winner. This is done through
exit polls, wherein a random sample of voters who exit the polling booth is asked for whom they
voted. From the data, the sample proportion of voters supporting the candidates is computed.
Hypothesis testing is applied to determine whether there is enough evidence to infer the leading
candidate will garner enough votes to win.
Suppose in the exit poll from the state of Florida during the 2000 year elections, the pollsters
recorded only the votes of the two candidates who had any chance of winning: Democrat Al
Gore and Republican George W. Bush. In a sample of 765 voters, the number of votes cast for
Al Gore...


Anonymous
This is great! Exactly what I wanted.

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