Question
A coin-operated coffee machine made by BIG Corporation was designed to discharge a mean of eight ounces of coffee per cup. If it dispenses more
A coin-operated coffee machine made by BIG Corporation was designed to discharge a mean of eight ounces of coffee per cup. If it dispenses more that that on average, the corporation may lose money, and it dispenses less, the customers may complain BIG Corporation would to estimate the mean amount of coffee, dispensed per cup by this machine. BIG will choose a random sample of cup amounts dispensed by this machine and use this sample to estimate Assuming that the standard deviation of cup arounts dispensed by this machine is 0.35 ounces what is the minimum sample size needed in order for BIG be 99% confident that its estimate is within 0.05 ounces of your intermediate computations to at least three decimal places.
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