You are provided with a summary table that lists causes of incomplete ATM transactions. You are tasked
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You are provided with a summary table that lists causes of incomplete ATM transactions. You are tasked with identifying the causes that contribute the most to the problem of incomplete transactions. You are also asked to identify if there is a relationship between the frequency of the causes and the number of customer complaints regarding the banks ATM machines.
Cause | Cost of Repair in Dollars | Number of Complaints |
Warped card jammed | 168 | 93 |
Card unreadable | 157 | 87 |
ATM malfunctions | 126 | 45 |
ATM out of cash | 128 | 38 |
Invalid amount requested | 119 | 32 |
Wrong keystroke | 90 | 27 |
Lack of funds in account | 62 | 18 |
Total | 850 | 340 |
a) | Compute the Coefficient of Correlation Analysis. | b) | Make a SCATTER PLOT that shows the value for R2. | |||||||||||
c) | Based on the correlation coefficient r and the result of the scatter plot, how would you describe the relationship between the frequency of incomplete ATM transactions and number of complaints? | |||||||||||||
d) | Make a PARETO CHART based on the cause frequency. | e) Based on the Pareto chart, what are the most important causes of incomplete ATM transactions that need to be addressed. Explain why/how you identified these causes. | ||||||||||||
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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