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[Solution Library] A company has studied a job in its laboratory in advance of its implementation in the factory. The company wants a good accuracy for

Question: A company has studied a job in its laboratory in advance of its implementation in the factory.

The company wants a good accuracy for the costing and labor forecast, especially the company wants you to offer a level of reliability of 99% and a cycle time that stays within 3% of real value.

How many observations should you make?

The data collected is shown in the table

observation cycle time
1 1.7
2 1.6
3 1.4
4 1.4
5 1.4

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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