Question: What is the statistical analysis based on hypothesis statements- (one-directional vs. two-directional). What is your critical value(s)? Show your work from you test statistic. Remember

What is the statistical analysis based on 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. If you calculated a p-value, what is the p-value?

Include answers to the following:

Case 1: Election Results

Use 0.10 as the significance level ().

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 ().

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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