Bank manager Art Hill wants to determine the percent of time that tellers are wo

Question

Bank manager Art Hill wants to determine the percent of time that tellers are working and idle. He decides to use work sampling, and his initial estimate is that the tellers are idle 15% of the time. Round all intermediate calculations to at least two decimal places before proceeding with further calculations. (round your The number of observations that need to be taken by Hill to be 95.45% confident that the results will not be more than 5% from the true result = response up to the next whole number)

Explanation / Answer

Bank manager Art Hill wants to determine the percent
of time that tellers are working and idle. He decides to use work
sampling, and his initial estimate is that the tellers are idle 15% of
the time. How many observations should Hill take to be 95.45%
confident that the results will not be more than 5% from the true
result?

Solution

Number of observation = (0.15/0.05)2 = 9 observation

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