Question: could really use some help with this problem Problem 6.2 The data processing center at Bangor Savings examines commercial loans for errors. Specifically they randomly
could really use some help with this problem
Problem 6.2 The data processing center at Bangor Savings examines commercial loans for errors. Specifically they randomly choose 25 commercial loans per day and inspect them. Loans with errors are labeled defective. Below is a table of the last 40 inspections across the 8 weeks). Given this information answer the following: What sort of Statistical Process Control chart should be utilized? Why? Problem 6.2 Day Defecite Day Defecte 14) Compute the UCL & LCL incorporating 98% of the sample. 1 7 21 2 2 5 22 4 3 23 2 5 4 4 24 3 3 5 2 25 15) Given your computations, about how many loans can be defective in one day for the process to be considered out of control? 6 00 26 4 7 8 2 7 4 27 28 29 30 5 4 2 9 10 3 2 31 32 16) How likely is it that on one day 10 loans are defective? 11 12 13 14 15 wwwNNA 3 5 1 3 6 3 4 4 33 34 35 36 37 38 6 Ja 4 16 17 18 19 20 3 4 4 8 4 39 5 5 40 5
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