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A Medical Devices Company Wants to Know the Number of Hours

question 71

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A medical devices company wants to know the number of hours their MRI machines are used per day.A previous study found a standard deviation of four hours.How many MRI machines must the company find data for in order to have a margin of error of at most 0.5 hours when calculating a 98% confidence interval?


Definitions:

Innovator

An individual or organization that introduces new ideas, products, or methods, often leading change and advancement within their domain.

Consumer Adoption Process

The stages through which a consumer moves when deciding to accept and continue using a new product or service, including awareness, interest, evaluation, trial, and adoption.

Time To Market

The speed with which a company launches a product.

Product Development

The process of bringing a new product or service to market, from idea conception and design through to production and launch.

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