Question: Problem 7-11 (Algo) How many observations should a time study analyst plan for in an operation that has a standard deviation of 3.3 minutes

Problem 7-11 (Algo) How many observations should a time study analyst plan for in an operation that has a standard deviation of 3.3 minutes per piece? The goal is to estimate the mean time per piece to within 1.4 minutes, with a confidence of 95.5 percent. (Do not round intermediate calculations. Round up your final answer to the next whole number.) Number of observations Ch

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 Accounting Questions!

Business Finance Question: ?. 1.ABC ltd is a hypothetical producer of healthcare consumables. Currently the company employs 20 workers at 30,000 per annum each. Predicting a continual demand for m...

Accounting Information System Case Study: Happy Pets Happy Pets Company (HPC) is an international company that makes pet food. HPC has many manufacturing locations around the world. It sells its pr...

7-1 An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 11.0 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of...

Please answer question # 14 male the mean time for element 2 within I percent of its true value with a 95.5 percent confidence? c. How many observations would be needed to estimate the mean time for...

How many observations should a time study analyst plan for in an operation that has a standard deviation of 2.0 minutes per piece? The goal is to estimate the mean time per piece to within 0.6...

An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10:40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125...

Problem 7-11 How many observations should a time study analyst plan for in an operation that has a standard deviation of 6 minutes per piece if the goal is to estimate the mean time per piece to...

Problem 7-11 How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate the mean time per piece to...

Problem 7-11 How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.2 minutes per piece if the goal is to estimate the mean time per piece to...

Problem 7-11 How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.4 minutes per piece if the goal is to estimate the mean time per piece to...

The command quantile(data, probs = a) will find the 100ath percentile of the data set data. In other words, x = quantile(data, probs = 0.75) will find the value x in data so that 75% of other values...

A company is to carry out a major modernization of its factory commencing in two weeks time. During the modernization, which is expected to take four weeks to complete, no production of the company's...

6 . 2 0 Discuss the role of internal audit in an entity s system of internal controls. Is internal audit an essential element of a control system? Explain.

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

9. Describe what is meant by resource-limited scheduling. Why is it used? When is it used?

5. What are technical constraints? Give some examples.

8. Does resource leveling keep a project on schedule? If so, how?