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A Work Sampling Method Is Used to Determine the Proportion

question 10

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A work sampling method is used to determine the proportion of the time a worker is idle. The following information was gathered on a random basis. A work sampling method is used to determine the proportion of the time a worker is idle. The following information was gathered on a random basis.   If the manager wants a 95 percent confidence level (z = 1.96)  and a degree of precision of + 0.03, how many more observations are needed? A)  fewer than or equal to 700 B)  greater than 700 but fewer than or equal to 800 C)  greater than 800 but fewer than or equal to 900 D)  greater than 900
If the manager wants a 95 percent confidence level (z = 1.96) and a degree of precision of + 0.03, how many more observations are needed?


Definitions:

Principals

Individuals or entities that engage an agent to act on their behalf in transactions or negotiations.

Agency Relationship

A legal arrangement in which one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.

Liable

Bound by law or duty.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

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