Question: 3.Sample size ( 10 marks) The operations manager from Q6 wants to make sure the right sample size was used to collect the observations and
3.Sample size ( 10 marks)
The operations manager from Q6 wants to make sure the right sample size was used to collect the observations and calculate the standard time.
The company's owner will be satisfied within an accuracy 2% in the time estimates but wants to be 99% confident.
Determine if the sample size of 1//0 that was used was sufficient to meet the owner's expectations. Describe your findings. Hint: You will have to recall how to calculate the standard deviation from the observations in Q6.
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