Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data from an 8-h work sampling study are shown below. a. What percentage of the time is the machine running? b. What percentage of the

"Data from an 8-h work sampling study are shown below.

a. What percentage of the time is the machine running? b. What percentage of the time is the machine broken? c. What is the limit of accuracy of this study for a5 0.05? d. What is the 95 percent confidence interval of the machine running? e. Your manager says that the range in part d is unacceptably large. She would like to narrow the range down to 61 min of running time. How many obser-vations should you collect to achieve this? "

image text in transcribed \begin{tabular}{|c|c|c|} \hline Running & \\ \hline \multirow{3}{*}{ Idle } & Broken & \\ \hline & Out of stock & |||||||||| \\ \hline & Other & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Small Business

Authors: Jerome Katz, Richard Green

4th edition

78029422, 978-0077513009, 77513002, 978-0078029424

More Books

Students also viewed these General Management questions