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 3.8 minutes and a sample standard deviation of 2.4. Assume the maximum acceptable error to be 0.9. What should be the number of observations if a study to be conducted (don't round your answer). a. 27.32 O b. 2714.96 C. 47.33 d. 6637.96 e. 5428.72 A manager wants to analyze the learning curve associated with producing one of his company's products. Accordingly, he has gathered the following data: UNIT PRODUCED TIME REQUIRED Second 5 hours Fourth 4 hours Approximately how long will it take to produce the fifth through tenth units? Select one: a. 16 hours b. 15 hours C. 21 hours d. 18 hours e. 20 hours