Management Believes a Critical Piece of Equipment Is Busy 85

question 23

Multiple Choice

Management believes a critical piece of equipment is busy 85% of the time.How many observations should be taken if management wants to be 98% confident the estimate is within +2.5% of the actual proportion of time the equipment is in use?

• A)250 observations
• B)525 observations
• C)757 observations
• D)1,108 observations

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Definitions:

Substantive

Relating to the essential substance or elements of a thing; concerning the merits of a case, as opposed to procedural aspects.

Procedural Rules

Guidelines or protocols established to dictate the process by which legal proceedings or governmental policies are carried out.

Informal Rule Making

A type of rule making in which an agency publishes a proposed rule in the Federal Register, considers public comments, and then publishes the final rule. Also called notice-and-comment rule making.

Legislative

Relating to laws or the process of making laws, often through a governing body or legislature.