A job in an insurance office involves telephone conversations with policyholders. The office manager estimates that about
Question:
A job in an insurance office involves telephone conversations with policyholders. The office manager estimates that about half of the employee’s time is spent on the telephone. How many observations are needed in a work sampling study to estimate that time percentage to within 6 percent and have a confidence of 98 percent?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Given An office manager estimates that about 50 of an employe...View the full answer
Answered By
Allan Simiyu
I am an adroit Writer. I am a dedicated writer having worked as a writer for 3 years now. With this, I am sure to ace in the field by helping students break down abstract concepts into simpler ideas.
5.00+
8+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
A job in an insurance office involves telephone conversations with policy hold el's. The office manager estimates that about half of the employees time is spent on the telephone. How many...
-
How many observations should a stopwatch time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate tire mean time per piece to...
-
Many health and casualty insurance policies require policyholders to pay a certain amount (called a deductible) for claims before the insurer itself will begin to pay. a. Explain how the existence of...
-
Explain how an increase in government expenditure will change the governments budget balance and the loanable funds market. The International Monetary Fund (IMF) reported that it acted effectively in...
-
A certain part is routed through six machines in a batch production plant. The setup and operation times for each machine are given in the table below. The batch size is 100 and the average non...
-
How is the energy value of foods determined?
-
What is DT&E?
-
The Elon Company manufactures parts for an aircraft company using three computerized numerical controlled (CNC) turning centers. The company wants to decide which machines are capable of producing a...
-
A person is riding on a skateboard attempting to throw a football to his friend standing behind him. He is traveling at a speed of 5m/s. His friend is 5 meters away. If he throws the ball at 5m/s,...
-
You are a manager in charge of a marketing research project. Your goal is to determine what effects different levels of advertising have on consumption behavior. Based on the results of the project...
-
An analyst made the following observations about whether customer service representatives were busy (B) or idle (I): a. What is the percentage of idle time? b. Given these results, how many...
-
A hospital administrator thinks that the X-ray equipment is only in use about 20 percent of the time. What number of observations in a work sampling study would be needed to estimate the true...
-
The attractive force between atoms that results from the sharing of two valence electrons between those atoms has a special name. What is it?
-
Complete the following 5-year calculations: Net sales, operating expenses, operating income, and net income of Jiranna Healthcare. Total profit margin, asset turnover, return on assets, and return on...
-
4 5 6 7 -8 -9 0 -1 2 -3 4 -5 6 A 9 -0 B 3 Drift Forecasting A forecast is always based on a "hypothesized scenario". 5 As we said earlier in this Workbook, developing a hypothesized scenario is...
-
a. Find the realized rate of returns of these four assets for each month. b. Compute the average returns, variances, and standard-deviations of these assets over given ten months. c. Based on your...
-
The graph of a polynomial function y = g(x), is shown at right. Identify the properties and characteristics in the exercises. N (2.5,-3) 8 A. Domain: Range: C. State the interval(s) where g (x) > 0...
-
For Question 20, 21 and 22: please refer to Diagram 4 20. If Country A and Country B have the same indifference curves, who has the lower PS/PT in Autarky? a. Country A b. Country B c. Not enough...
-
Measurements of the weak and fluctuating magnetic fields associated with brain activity are called magnetoencephalograms (MEGs). Do the brains magnetic fields imply coordinated or uncoordinated nerve...
-
1. Following are information about Alhadaf Co. Cost incurred Inventory Purchases Sales Adverting expense Salary Expense Depreciation Beginning Inventory Ending Inventory Amount 118,000 350.000 90,000...
-
What type of chromosome mapping relies on microscopy? a. Cytogenetic mapping b. Linkage mapping c. Physical mapping d. All of the above rely on microscopy.
-
A cellular layout contains various machines in close proximity to one another. What kind of health and safety issues can arise in a cell? Give an example. Hint: see e.g., G. D. Brown and D. O...
-
Is tire service system of WestJet JIT/lean?
-
In what way is a kanban system similar to the EOQ-ROP system of Chapter 12?
-
Curl Up & Dye, Inc. began May with $200 of supplies. It purchased $830 of supplies on account during May. It paid $440 of the amount it owed for its supplies in May. At May 31, it only had $200 of...
-
Where do traditional Waterfall approaches work effectively? Detailed explanations and site examples.
-
The accounting records for a restaurant indicate that food sales were $18,000, food used was $5,800, and employee meals at cost were $50. What is the cost of sales?
Study smarter with the SolutionInn App