The manager of a local fast-food restaurant is interested in improving service provided to customers who use the restaurant's drive-up window. As a first step in the process, the manager asks his assistant to record the time (in minutes) it takes to serve a large number of customers at the final window in the facility's drive-up system. The given frame in this case is 200 customer service times observed during the busiest hour of the day for this fast-food restaurant. The frame of 200 service times yielded a mean of 0.881. A simple random sample of 10 from this frame is presented below.
-(A) What sample size would be required for the production personnel to be approximately 95% sure that their estimate of the average number of defective batteries per box is within 0.3 unit of the true mean? Assume that the best estimate of the population standard deviation ( ) is 0.9 defective batteries per box.
(B) How does your answer to (A) change if the production personnel want their estimate to be within 0.5 unit of the actual population mean? Evaluate the tradeoff between required accuracy and sample size requirement for this case and the case in (A).
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q17: A point estimate is a single numeric
Q32: The sampling distribution of any point estimate
Q34: The central limit theorem (CLT)says that as
Q38: A sample of size 20 is selected
Q68: The central limit theorem (CLT)is considered to
Q78: The randomized response technique is a way
Q82: Auditors of Old Kent Bank are interested
Q83: (A) Find the mean and standard deviation
Q84: The size of a sample can be
Q86: Auditors of Old Kent Bank are interested
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents