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 application processing time with an accuracy deviation ratio of 0.04 and a confidence interval of 99%. The sample mean is 6.9 minutes and a sample standard deviation of 2.7. 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. 520.97 b. 99.03 c. 637.01 O d. 260.54 e. 57.15 Clear my choice

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

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 4 minutes and a sample standard...

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...

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 4.2 minutes and a sample...

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 51 minutes and a sample standard...

A team of two team members is attempting the Hungarian method on an assignment problem. After row and column reduction, first team member crossed all the zeros out with 8 lines. Second team member...

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...

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.05 and a confidence interval of 99%. The sample mean is 4.3 minutes and a sample...

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 sample mean is 6.7 minutes and a sample...

A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.05 and a confidence interval of 99%. The sample mean is 5.7 minutes and a sample...

Rozelle Ltd and Balmain Ltd have provided the following information, which relates to the year ended 30 June 2020. Rozelle Ltd Balmain Ltd Industry Average Current ratio 1.03:1 1.91:1 1.65:1 Quick...

PQR is the accounting intern for, a firm that has many small clients that need monthly accounting services. Ray has been asked by the partner in charge to analyze the asset section of firms balance...

Vouching selected creditors' balances to Blank _ _ _ _ _ _ is a substantive procedure that addresses the existence and valuation of accounts payable.

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...