Using the information in Problem 3, calculate the sample size needed if the standard time estimate is

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Using the information in Problem 3, calculate the sample size needed if the standard time estimate is to be within 5 percent of the true mean 99 percent of the time. Calculate the percentage increase in sample size for the higher precision.

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Operations Management

ISBN: 978-0470325049

4th edition

Authors: R. Dan Reid, Nada R. Sanders

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Question Posted: Oct 19, 2012 08:30 AM

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Using the information in Problem 3, calculate the sample size needed if the standard time estimate is

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Work Element 1 n 167 Work Element 2 n 48 Work Eleme...View the full answer

Operations Management

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