A total of 9 cycles have been observed during a direct time study. The mean for the largest element time = 1.30 min, and the corresponding sample standard deviation s = 0.20 min. (a) Based on these data, what is the 95% confidence interval on the 1.30 min element time? Lower bound = 1.15 Upper bound = 1.45 (b) If the analyst wants to be 98% confident that the mean of the sample was within +5% of the true mean, how many more observations should be taken? Number of additional required observation = 71

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A total of 9 cycles have been observed during a direct time study. The mean for the largest
element time = 1.30 min, and the corresponding sample standard deviation s = 0.20 min.
(a) Based on these data, what is the 95% confidence interval on the 1.30 min element time?
Lower bound =
1.15
Upper bound =
1.45
(b) If the analyst wants to be 98% confident that the mean of the sample was within +5% of the
true mean, how many more observations should be taken?
Number of additional required observation =
71
Transcribed Image Text:A total of 9 cycles have been observed during a direct time study. The mean for the largest element time = 1.30 min, and the corresponding sample standard deviation s = 0.20 min. (a) Based on these data, what is the 95% confidence interval on the 1.30 min element time? Lower bound = 1.15 Upper bound = 1.45 (b) If the analyst wants to be 98% confident that the mean of the sample was within +5% of the true mean, how many more observations should be taken? Number of additional required observation = 71
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