Question 366920
For their total production of light bulbs, the management of an electronics firm knows that the mean equals 150 hours. How large a sample is needed if they want to be 90% confident that the estimate of the average production time will be within 30 hours of the correct value? Does this have something to do with margin of error?
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Yes.
Since ME = z*[s/sqrt(n)]
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sqrt(n) = z*s/ME
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n = [zs/ME]^2
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Your Problem:

n = [1.645s/30]^2 where s is the standard deviation of the population.
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Cheers,
Stan H.
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