A Bank Officer Wishes to Study How Many Customers Write

question 7

Multiple Choice

A bank officer wishes to study how many customers write bad checks.To accomplish this,the officer randomly selects a weekly sample of 100 checking accounts and records the number that wrote bad checks.The numbers of customers who wrote bad checks in 20 consecutive weekly samples of 100 account holders are,respectively,1,4,9,0,4,6,0,3,8,5,3,5,2,9,4,4,3,6,4,and 0.Find the LCL and UCL for the p chart.

• A)[.0204,.0596]
• B)[.034,.046]
• C)[0,.0988]
• D)[0,.171]

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Definitions:

Balance Sheet

A financial statement that provides an overview of a company's assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial document that shows a company's revenues and expenses over a specific period, illustrating profitability.

Working Capital Ratio

The amount of current assets that would remain if all a company’s current liabilities were paid immediately; total current assets / total current liabilities.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.