A bank manager wants to determine the percent of time the bank's tellers are working and idle. He decides to use work sampling, and his initial estimate is that the tellers are idle 20% of the time. Approximately how many observations should be taken to be 95% confident that the results will not be more than 5% away from the true result? Select one: O a. 16 O b. 6 O c. 246 O d. 44 O e. 210

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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A bank manager wants to determine the
percent of time the bank's tellers are working
and idle. He decides to use work sampling,
and his initial estimate is that the tellers are
idle 20% of the time. Approximately how
many observations should be taken to be 95%
confident that the results will not be more
than 5% away from the true result?
Select one:
O a. 16
O b. 6
O c. 246
O d. 44
O e. 210
Transcribed Image Text:A bank manager wants to determine the percent of time the bank's tellers are working and idle. He decides to use work sampling, and his initial estimate is that the tellers are idle 20% of the time. Approximately how many observations should be taken to be 95% confident that the results will not be more than 5% away from the true result? Select one: O a. 16 O b. 6 O c. 246 O d. 44 O e. 210
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