Given the following information, determine the sample size needed if the standard time estimate is to be
Question:
Given the following information, determine the sample size needed if the standard time estimate is to be within 5 percent of the true mean 97 percent of the time.
Transcribed Image Text:
Standard Mean Work Deviation Observed Time Element (minutes) (minutes) 0.20 0.10 0.15 0.10 1.10 0.80 0.90 1.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
With z 217 and a 005 the number of observat...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
Given the following information, determine the gross profit. Accounts Receivable $ 14,000 Administrative Expenses 31,000 Cost of Goods Sold 142,000 Depreciation Expense 8,000 Income Tax Expense 4,000...
-
Determine the sample size needed to construct a 95% confidence interval to estimate the population proportion for the following sample proportions when the margin of error equals 4%: a. p = 0.30 b. p...
-
Determine the sample size needed to construct a 90% confidence interval to estimate the population mean when = 75 and the margin of error equals 12.
-
During a worldwide recession in 1983, the oil cartel began to lower prices. Why would a recession make the cartel more vulnerable to price cutting? How would the reduced demand be shared between the...
-
What technologies can make coal a cleaner fuel?
-
Summary financial information for Rosepatch Company is as follows. Compute the amount and percentage changes in 2014 using horizontal analysis, assuming 2013 is the base year. Current assets Plant...
-
Describe a training program for expatriates. In what ways do HRIS help improve their effectiveness and efficiency? Why is it recommended that the family of the expatriate also receive training?
-
Mark Decker has identified four stocks for his portfolio, and he wants to determine the percentage of his total available funds he should invest in each stock. The alternative stocks include an...
-
a. Journalize, record, and post the following transactions as needed to the sales, purchases, cash receipts, cash payments, and general journals. All terms are 2/10, n/30 on both sales and purchases....
-
The following is Edge Sports Repair Shop's trial balance at September 30, 2014, the company's fiscal year end: Additional information: 1. Service revenue earned but not recorded at September 30,...
-
Use the longest task time rule to balance the assembly line described in Table 10-21; the line can produce 30 units per hour. (a) What is the cycle time? (b) What is the theoretical minimum number of...
-
Using the following information, determine the sample size needed if the standard time estimate is to be within 5 percent of the true mean 95 percent of thetime. Standard Mean Work Element (...
-
Winkler Furniture manufactures two different types of china cabinets: a French provincial model and a Danish Modern model. Each cabinet produced must go through three departments: carpentry,...
-
Should everyone go to college? Name other alternatives for advanced career training? What actions could a person take to have the skills that are in demand? expand your thoughts and explain it well
-
What habit would your "best self" have that you currently don't? What is keeping you from having this habit? What do you need to do to acquire this habit?
-
Explain why the court struck down the idea of 'separate but equal' ruling of Plessy v . Ferguson, and explain why you think that was an important event in American history.
-
Justify and evaluate manufacturing processes applying Lean Manufacturing Techniques and Theory of Constraints ( TOC )
-
What happens to your picture when you compress it?
-
Why is Ni not considered a common metal, even though it composes over 2% of the total mass of Earth and only Fe and Mg have a higher percent composition of Earths total mass?
-
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
-
For the same feed, distillate, and bottoms shown in Figure 21. 16, determine the following: Figure 21.16 a. The boil-up, \(V_{N+1}\), and reflux, \(L_{0}\), required if the feed is now introduced at...
-
Complete the following MRP matrix for Item X. Determine when orders should be released and the size of thoseorders. Item: X Lot Size: Min 50 Gross Requirements Scheduled Receipts Projected on Hand...
-
Complete the following MRP matrix for Item X. Determine when orders should be released and the size of thoseorders. Item: X Lot Size: Min 50 Gross Requirements Scheduled Receipts Projected on Hand...
-
Files and More, Inc. (F&M), a manufacturer of office equipment, uses MRP to schedule its production. Because of the current recession and the need to cut costs, F&M has targeted inventory as a prime...
-
Milden Company is a merchandiser that plans to sell 4 1 , 0 0 0 units during the next quarter at a selling price of $ 5 9 per unit. The company also gathered the following cost estimates for the next...
-
How do organizational learning theories, such as the learning organization concept and knowledge management practices, contribute to sustained competitive advantage and organizational resilience in...
-
Harbert, Incorporated had a beginning balance of $12,000 in its Accounts Receivable account. The ending balance of Accounts Receivable was $10,500. During the period, Harbert collects $72,000 of its...
Study smarter with the SolutionInn App