Storage Engine will not start: "Unable to bind to address" shown in debug.log and/or system.log (4230150)

When trying to start the Storage Engine service it runs for a short time and then stops.

Displayed in the Debug.log or system.log is similar to the following:

ERROR [main] 2012-11-21 20:38:54,578 AbstractCassandraDaemon.java (line 271) Fatal configuration error
org.apache.cassandra.config.ConfigurationException: Unable to bind to address /:9260. Set listen_address in cassandra.yaml to an interface you can bind to, e.g., your private IP address on EC2

Note: The IP Address in the error is most likely the previous IP address of the UC Analytics server. 

In the doradus.log file you will see the following:

2012-11-23 14:45:14,194 INFO DBConnection: Connecting to Cassandra node :9260
2012-11-23 14:45:35,194 ERROR DBConnection: Could not connect to Cassandra
org.apache.thrift.transport.TTransportException: java.net.ConnectException: Connection timed out