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(Solved): Executives of a supermarket chain are interested in the amount of time that customers spend in the ...




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Executives of a supermarket chain are interested in the amount of time that customers spend in the stores during shopping trips. The executives hire a statisticat consutant and ast her to determine the mean shopping time, , of customers at the supermarkets. The consultant will collect a randorn sample of shopping times at the supermarkets and use the mean of these shopping times to estimate . Assuming that the standard deviation of the population of shopping times at the supermarkets is 27 minutes, what is the minimum sample slze she must collect in order for her to be confident that her estimate is within 4 minutes of ? Carry your intermedute computations to at least three decimal places. Write your answer as a whole number (and make sure that it is the minimum whole number that satisfies the requirements). (If necessary, consult a list of formulos.)


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