To estimate the average time it takes to assemble a certain computer component,
ID: 3396820 • Letter: T
Question
To estimate the average time it takes to assemble a certain computer component, the industrial engineer at an electronics firm timed 64 technicians in the performance of this task, getting a mean of 12.50 minutes and a variance of 4.00 minutes. Construct a 98 Percentage confidence interval for the true average time it takes to assemble the computer component. How large a sample is needed so that the engineer will be able to assert with 99 percentage confidence that the error is at most 0.3 minutesExplanation / Answer
2.
A)
Note that
Margin of Error E = z(alpha/2) * s / sqrt(n)
Lower Bound = X - z(alpha/2) * s / sqrt(n)
Upper Bound = X + z(alpha/2) * s / sqrt(n)
where
alpha/2 = (1 - confidence level)/2 = 0.05
X = sample mean = 12.5
z(alpha/2) = critical z for the confidence interval = 1.644853627
s = sample standard deviation = 2
n = sample size = 64
Thus,
Margin of Error E = 0.411213407
Lower bound = 12.08878659
Upper bound = 12.91121341
Thus, the confidence interval is
( 12.08878659 , 12.91121341 ) [ANSWER]
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b)
Note that
n = z(alpha/2)^2 s^2 / E^2
where
alpha/2 = (1 - confidence level)/2 = 0.025
Using a table/technology,
z(alpha/2) = 1.959963985
Also,
s = sample standard deviation = 2
E = margin of error = 0.2
Thus,
n = 384.1458821
Rounding up,
n = 385 [ANSWER]
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