A time study has revealed an average observed time of 6 minutes, with a standard deviation of 1.20 minutes. These figures are based on a sample of 92 cycles. Is this sample large enough for analyst Anand Paul to be 95.0% confident that the standard time is within 5% of the true value? The required sample size is (enter your response rounded up to the nearest whole number). Is the sample large enough? No Yes

A time study has revealed an average observed time of 6 minutes, with a standard deviation of 1.20 minutes. These figures are based on a sample of 92 cycles. Is this sample large enough for analyst Anand Paul to be 95.0% confident that the standard time is within 5% of the true value? The required sample size is (enter your response rounded up to the nearest whole number). Is the sample large enough? No Yes

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section: Chapter Questions

Problem 41P: At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 =...

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