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A Bank Officer Wishes to Study How Many Customers Write

question 61

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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.On the basis of the limits established,if the bank finds that 12 customers in the next weekly sample of 100 account holders have written bad checks,should the bank believe that there has been an unusual variation in the process?

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Definitions:

Family-Sponsored Immigrants

Individuals who are allowed to immigrate to a country based on family ties, including spouses, children, and other close relatives of citizens or legal residents.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Wage Opportunities

The availability and scope for individuals to earn income through employment or labor in the market.

U.S. Census Bureau

The U.S. Census Bureau is a principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy.

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