Estimate the average cycle time

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Reference no: EM132089909

How many work cycles should be timed to estimate the average cycle time to within 2 percent of the sample mean with a confidence of 99 percent if a pilot study yielded these times (minutes): 5.2, 5.5, 6.6, 5.3, 5.5, and 5.1? The standard deviation is .547 minutes per cycle.

Reference no: EM132089909

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