Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For this assessment, you will need to use the SAS Enterprise Guide or the Excel Calculators, the latter of which can be found in Resources.

For this assessment, you will need to use the SAS Enterprise Guide or the Excel Calculators, the latter of which can be found in Resources. SAS users can reference the SAS tutorials located in the third study activity of Unit 1. For this assignment, you will practice applying inferential statistical analysis to two business decision scenarios.

Practical Application Scenario 2

To complete this scenario, use the Sample Size Estimator file provided in Resources. The third shift at Microsoft's Windows security unit in Redmond, Washington is considering replacing its coffee brewing units with new German-made brewers. As the newest member of this elite Microsoft team, you have been assigned to investigate this proposal. Develop a 99 percent confidence interval for the average yield (cups per pound) for the new German coffee brewer. The margin of error should be no bigger than 0.3 (three-tenths of a cup). Based on experience with the current coffee makers, your best guess for the population standard deviation, sigma, is 1.2 cups. How big of a sample do you need? Calculate the estimated sample size needed for the above scenario and communicate your findings to the business manager.

Inputs:
Planning Value for P-Star:0.5<— Input the appropriate number for your situation.
Desired Margin of Error:0.03<— Input the appropriate number for your situation.
Confidence Level:0.95<— Input the appropriate number for your situation.
Intermediate Calculations:
Z-Multiple:1.9600
Sigma:0.25
M.E. Squared:0.0009
Z-Multiple Squared:3.841459
Results:
Sample Size Needed:1068(rounded up to a whole number).

Step by Step Solution

3.38 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

To complete this scenario use the Sample Size Estimator file provided in Resources The third shift a... 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

Step: 3

blur-text-image

Document Format ( 2 attachments)

PDF file Icon
635d5bb5cce35_174866.pdf

180 KBs PDF File

Word file Icon
635d5bb5cce35_174866.docx

120 KBs Word File

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

Financial Accounting: A Business Process Approach

Authors: Jane L. Reimers

3rd edition

978-013611539, 136115276, 013611539X, 978-0136115274

More Books

Students also viewed these Finance questions