Toppen Olaf Olson,plant manager at the Ridgway Tanning Factory,was interested in the average number of hides currently sold each day at the plant.The daily variance of hides sold at the plant last year was 132.Olaf would like to be 90 percent confident (z = 1.645) in his results and be within a daily range of +/- 5 hides.Olaf needs a sample of what size to achieve his desired level of precision and confidence?
A) 15
B) 22
C) 472
D) 1,886
E) 2,788
Correct Answer:
Verified
Q2: Exhibit 16.3 Stella would like to determine
Q3: If the desired level of confidence to
Q4: Which of the following sampling plans does
Q5: Exhibit 16.3 Stella would like to determine
Q6: Sample size depends upon the
A)type of sample.
B)statistic
Q8: The size of the sample required to
Q9: Which of the following are required to
Q10: There is a trade-off between the confidence
Q11: The error associated with the estimation of
Q12: Suppose that the income of the population
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