Write a 400- to 600-word statistical analysis paper 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.
- Conduct the hypothesis test based on the eight steps of the hypothesis testing process.