Question: Using the following information, determine the sample size needed if the standard time estimate is to be within 5% of the true mean 95% of

Using the following information, determine the sample size needed if the standard time estimate is to be within 5% of the true mean 95% of the time. Standard Mean Work Deviation Observed Time Element (minutes) (minutes) 0.60 2.40 234556 0.20 1.50 1.10 3.85 0.85 2.55 0.40 1.60 0.50 2.50

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