Question: 23 A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.06 and confidence interval of 99%. The

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.06 and confidence interval of 99%. The sample mean is 6.7 minutes and a sample standard deviation of 2.6. Assume the maximum acceptable error to be 0.8. What should be the number of observations if a study to be conducted (don't round your answer) O a. 113.88 O b. 40.58 O c. 278.44 O d. 70.31 O e. 227.72

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