Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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  1. A business analyst wants to validate a standard time for an existing process of a work operation. A previous study conducted have the following information:

Standard Deviation - 30 seconds; Average time – 300 seconds

With the desired confidence level of 90% and maximum error of 5%, how many observations should the business analyst conduct?

Note: Round-up your answer to whole number.

 

Confidence Level

Standard Deviation

80%

1.282

90%

1.645

95%

1.960

99%

2.576

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