Question: Problem 1 (10 points) . A bank was getting several complaints from their clients about their accounts discrepancy. The bank management decided to use p-charts

Problem 1 (10 points). A bank was getting several complaints from their clients about their accounts discrepancy. The bank management decided to use p-charts to monitor the process for account entries. Over a months time, 12 samples of 50 accounts were chosen and the proportions of mistakes were found as: 01, .02, .02, .03, .01, .02, .01, .04, .03, .03, .00, and .02

a. Calculate the control limits for a p Control Chart.

b. Recently 50 accounts was again selected, and 5 mistakes were found. Discuss in detail if the process is still in control? Why or why not.

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