A bank randomly looks at loan applications and checks them for errors. Ten applications and the number of errors identified on the applications are found in the following table
When the process is working correctly, the average number of errors found is 2. Construct a c-chart to determine if the process is in control.
Application number Number of errors
1 3
2 0
3 1
4 0
5 3
6 2
7 4
8 4
9 1
10 1
UCLc = + z = 1.90 + 3 = 6.04
LCLc = + z = 1.90 - 3 = -2.24 → 0
The process is in control.
Business
You might also like to view...
Which of the following parts of the IMF gives the final approval for the quota a state seeking to join the IMF should pay?
A. member states having at least 85 per cent of the total vote share B. all the member nations of the IMF C. the IMF Board of Governors D. the IMF Executive Board
Business
The sharing of the data means that data need to be stored only once
Indicate whether the statement is true or false
Business