Supervisor Kenneth Peterson wants to determine the percent of time a machine in his area is idle. He decides to use work sampling, and his initial estimate is that the machine is idle 22% of the time. (Round all intermediate calculations to at least two decimal places before proceeding with further calculations.) Part 2 The number of observations that need to be taken by Peterson to be 99.00% confident that the results will be less than 5% from the true result = enter your response here (round your response to the immediate higher whole number).
Supervisor Kenneth Peterson wants to determine the percent of time a machine in his area is idle. He decides to use work sampling, and his initial estimate is that the machine is idle 22% of the time. (Round all intermediate calculations to at least two decimal places before proceeding with further calculations.) Part 2 The number of observations that need to be taken by Peterson to be 99.00% confident that the results will be less than 5% from the true result = enter your response here (round your response to the immediate higher whole number).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Supervisor Kenneth Peterson wants to determine the percent of time a machine in his area is idle. He decides to use work sampling, and his initial estimate is that the machine is idle
22%
of the time. (Round all intermediate calculations to at least two decimal places before proceeding with further calculations.)Part 2
The number of observations that need to be taken by Peterson to be
99.00%
confident that the results will be less than
5%
from the true result =
enter your response here
(round your response to the immediate higher whole number).Expert Solution
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