Develop a 700- to 1,050-word statistical analysis based on the Case Study Scenarios and SpeedX Payment Times. Remember to include your work from your analyses. Write out your hypothesis statements (one-directional vs. two-directional). What is your critical value(s)? Show your work from you test statistic. Remember to indicate if you may reject or not reject your null hypothesis and your conclusion based on the research question. If you calculated a p-value, what is the p-value?
Include answers to the following:
Case 1: Election Results
o Use 0.10 as the significance level (α).
o 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
o Use 0.10 and the significance level (α).
o 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.
Submit your assignment. Remember to show your work (calculation – formula used, etc.) in the write-up of your paper.