25. Refer to the Scheer Industries example in Section 8.2. Use 6.84 days as a planning value...

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25. Refer to the Scheer Industries example in Section 8.2. Use 6.84 days as a planning value for the population standard deviation.

a. Assuming 95% confidence, what sample size would be required to obtain a margin of error of 1.5 days?

b. If the precision statement was made with 90% confidence, what sample size would be required to obtain a margin of error of 2 days?

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Essentials Of Statistics For Business And Economics

ISBN: 9780324568608

5th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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Question Posted: Nov 06, 2024 06:00 AM

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25. Refer to the Scheer Industries example in Section 8.2. Use 6.84 days as a planning value...

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Essentials Of Statistics For Business And Economics

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