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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.
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?
Degrees of Freedom
The number of independent values or quantities which can be assigned to a statistical distribution, typically influencing the shape of the distribution.
Confidence Interval
A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.
Confidence Interval
Various values, obtained from sample measures, that are likely to contain the essence of an unknown population parameter.
Confidence Interval
A selection of values, taken from data sampling, that is presumed to hold the value of a hidden population attribute.
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