Determine sample size needed if standard time estimate, Operation Management

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Determine sample size needed if standard time estimate

Given the following information, determine the sample size needed if the standard time estimate is to be within 5 percent of the true mean 99 percent of the time.

Work Element

Standard Deviation (minutes)

Mean Observed Time (minutes)
1 0.20 1.10
2 0.10 0.80
3 0.15 0.90
4 0.10 1.0

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Operation Management: Determine sample size needed if standard time estimate

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Operation Management: Determine sample size needed if standard time estimate

Reference No:- TGS089704

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : Pros and cons of method of data collection

Q : Write a string copy routine

Q : What was the gain or loss on repossession

Q : Potential problems with downsizing

Q : Determine sample size needed if standard time estimate

Q : Determine the accuracy of yourdilution the theoretical value

Q : Write a function in matlab called caseinverted

Q : Global or multidomestic industries

Q : Calculate the amount of factory over head allowed

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: Determine sample size needed if standard time estimate

Reference No:- TGS089704

Recent Questions Asked Operation Management

Q : Pros and cons of method of data collection

Q : Write a string copy routine

Q : What was the gain or loss on repossession

Q : Potential problems with downsizing

Q : Determine sample size needed if standard time estimate

Q : Determine the accuracy of yourdilution the theoretical value

Q : Write a function in matlab called caseinverted

Q : Global or multidomestic industries

Q : Calculate the amount of factory over head allowed

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