Question: A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.04 and a confidence interval of 99%. The

A consultant reviews a initial study on loan

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.04 and a confidence interval of 99%. The sample mean is 3.4 minutes and a sample standard deviation of 2.9. 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. 1237.90 b. 65.93 c. 114.25 d. 3026.62 e. 2475.26

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