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

question 51

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 upper control limit for Ophelia's p chart is _____________.

• A)0.0925
• B)0.0500
• C)0.0308
• D)0.1825
• E)0.1425

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Definitions:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated.

Consistency

The degree of viscosity or firmness of a substance, or the uniformity in the application or adherence to the same principles over time.

Concise Language

The use of few words to convey a message clearly and directly, avoiding unnecessary detail and redundancy.

Concise Language

The use of few words without sacrificing clarity to convey a message effectively.