Determine the percent of time that tellers are working

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Bank manager Art Hill wants to determine the percent of time that tellers are working and idle. He decides to use work sampling, and his initial estimate is that the tellers are idle 15 % of the time. (Round all intermediate calculations to at least two decimal places before proceeding with further calculations.)

The number of observations that need to be taken by Hill to be 90.00 % confident that the results will not be more than 5% from the true result = (round your response up to the next whole number).

Reference no: EM131667584

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