Week 5 assignment: One-Sample Hypothesis Testing Cases
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.
Resources: Microsoft Excel®, Case Study Scenarios
Develop a 700- to 900- word statistical analysis based on the Case Study Scenarios.
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. If you change the significance level to .05, would you keep the same conclusion? If you change the significance level to .01, would you keep the same conclusion?
Format your assignment consistent with APA format.
Click the Assignment Files tab to submit your assignment.
**The focus is on the Election Results Case Study Scenario**