Question: 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

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 standard deviation of 2.5. Assume the maximum acceptable error to be 0.4. What should be the number of observations if a study to be conducted (don't round your answer) a. 150.06 O b. 368.10 c. 736.05 O d. 260.02 e. 900.00

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