The Manager at Peon's Furniture store wants to determine the how long customers have to wait in line to get in the store, during the huge Tent Sale Inventory Blow Out Sale. They want this estimation to have a margin of 4.6 minutes. Peon's Furniture has data that suggests a standard deviation in wait times for the sale is 1.2 minutes. With a 95% confidence, what minimum sample size should Peon's use? (Remember your units)

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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The Manager at Peon's Furniture store wants to determine the how long customers
have to wait in line to get in the store, during the huge Tent Sale Inventory Blow Out
Sale. They want this estimation to have a margin of 4.6 minutes. Peon's Furniture has
data that suggests a standard deviation in wait times for the sale is 1.2 minutes.
With a 95% confidence, what minimum sample size should Peon's use?
(Remember your units)
Transcribed Image Text:The Manager at Peon's Furniture store wants to determine the how long customers have to wait in line to get in the store, during the huge Tent Sale Inventory Blow Out Sale. They want this estimation to have a margin of 4.6 minutes. Peon's Furniture has data that suggests a standard deviation in wait times for the sale is 1.2 minutes. With a 95% confidence, what minimum sample size should Peon's use? (Remember your units)
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