Question: A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.02 and a confidence interval of 99%. The

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.02 and a confidence interval of 99%. The sample mean is 5.9 minutes and a sample standard deviation of 2.6. Assume the maximum acceptable error to be 0.7.

What should be the number of observations if a study to be conducted (don't round your answer).

a. 3231.63 b. 91.83 c. 1321.75 d. 2642.93 e. 53.00

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