Problem 10.4 Amor Manufacturing Co. of Geneva, Switzerland, had just observed a job in its laboratory in anticipation of releasing the job to the factory for production. The firm wants rather good accuracy for costing and labor forecasting. Specially, it wants to provide a 99% confidence level and a cycle time that is within 3% of the true value. How many observations should it make? The data collected so far as follow: Observation Time 1 1.7 2 1.6 3 1.4 4 1.4 5 1.4