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Suppose It Is Desired to Estimate the Average Time a Customer

question 95

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Suppose it is desired to estimate the average time a customer spends in a particular store to withir 5 minutes (e.g., ±5\pm 5 minutes) at 99%99 \% reliability. It is estimated that the standard deviation of the times is 15 minutes. How large a sample should be taken to get the desired interval?


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