Fall 2021 Take Home Review 2 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 What sort of Statistical Process Control chart should be utilized? Why? Below is a table of the last 40 inspections (across the 8 weeks). Given this information answer the following: sampe yar 1 Problem 6.2 Ich Day De 7 1 21 14) Compute the UCL & LCL incorporating 98% of the sample 2 2 5 22 4 PE 3 S. 23 2 4 4 24 3 2 3 5 6 8 BLURAN 25 26 27 15) Given your computations, about how many loans can be defecti in one day for the process to be considered out of control? 4 7 5 8 4 2 7 4 3 28 29 2 9 10 11 2 5 5 SI 16) How likely is it that on one day 10 loans are defective? 12 13 14 1 3 30 31 32 33 34 35 36 3 5 3 6 15 4 4 | | 16 6 3 4 4 17 18 37 38 8 4 19 4 39 5 20 5 40 5