Ophelia O'Brien, VP of Consumer Credit of American First Banks

question 79

Multiple Choice

Ophelia O'Brien, VP of Consumer Credit of American First Banks (AFB) , is designing a p chart to monitor the default rate on personal loans at the AFB member banks.Her data include the proportion in default for 30 samples of personal loans.Each sample contains 50 loans, and the average of the 30 proportions is 0.05.The centerline for Ophelia's p chart is _____________.

• A)30
• B)0.50
• C)50
• D)1.5
• E)0.05

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Definitions:

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Rehearsal

A cognitive process in which information is repeated over and over as a possible way of learning and remembering it.

Metacognition

Awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Cognitive Abilities

Cognitive abilities are the mental skills that involve processing information, problem-solving, decision making, memory, and learning.