A Nevada Bank Keeps Track of Errors from 20 ClerksSHOW YOUR CALCULATIONS A

The Answer is a.Determine P ˉ \bar{P} P ˉ 88/2000 = 0.044 or 4.4% b.Determine σ P . σP = ( P ˉ ) ( 1 − P ˉ ) n \sqrt{\frac{(\bar{P})(1-\bar{P})}{n}} n ( P ˉ ) ( 1 − P ˉ ) <path d='M983 90 l0 -0 c4,-6.7,10,-10,18,-10 H400000v40 H1013.1s-83.4,268,-264.1,840c-180.7,572,-277,876.3,-289,913c-4.7,4.7,-12.7,7,-24,7 s-12,0,-12,0c-1.3,-3.3,-3.7,-11.7,-7,-25c-35.3,-125.3,-106.7,-373.3,-214,-744 c-10,12,-21,25,-33,39s-32,39,-32,39c-6,-5.3,-15,-14,-27,-26s25,-30,25,-30 c26.7,-32.7,52,-63,76,-91s52,-60,52,-60s208,722,208,722 c56,-175.3,126.3,-397.3,211,-666c84.7,-268.7,153.8,-488.2,207.5,-658.5 c53.7,-170.3,84.5,-266.8,92.5,-289.5z M1001 80h400000v40h-400000z'/> = . 044 ( 0956 ) 100 \sqrt{\frac{.044(0956)}{100}} 100 .044 ( 0956 ) <path d='M983 90 l0 -0 c4,-6.7,10,-10,18,-10 H400000v40 H1013.1s-83.4,268,-264.1,840c-180.7,572,-277,876.3,-289,913c-4.7,4.7,-12.7,7,-24,7 s-12,0,-12,0c-1.3,-3.3,-3.7,-11.7,-7,-25c-35.3,-125.3,-106.7,-373.3,-214,-744 c-10,12,-21,25,-33,39s-32,39,-32,39c-6,-5.3,-15,-14,-27,-26s25,-30,25,-30 c26.7,-32.7,52,-63,76,-91s52,-60,52,-60s208,722,208,722 c56,-175.3,126.3,-397.3,211,-666c84.7,-268.7,153.8,-488.2,207.5,-658.5 c53.7,-170.3,84.5,-266.8,92.5,-289.5z M1001 80h400000v40h-400000z'/> = 0.02 c.Determine the 3-sigma UCL and LCL. UCL = .044 + 3(.02)= 0.105; LCL = .044 - 3(.02)= 0 d.Does the process appear to be in statistical control? 1 point close to UCL; half above and below P ˉ \bar{P} P ˉ ; probably in control.Should create a graph to look for patterns.

A Nevada Bank Keeps Track of Errors from 20 ClerksSHOW YOUR CALCULATIONS A

The Answer is a.Determine P ˉ \bar{P} P ˉ 88/2000 = 0.044 or 4.4% b.Determine σ P . σP = ( P ˉ ) ( 1 − P ˉ ) n \sqrt{\frac{(\bar{P})(1-\bar{P})}{n}} n ( P ˉ ) ( 1 − P ˉ ) <path d='M983 90 l0 -0 c4,-6.7,10,-10,18,-10 H400000v40 H1013.1s-83.4,268,-264.1,840c-180.7,572,-277,876.3,-289,913c-4.7,4.7,-12.7,7,-24,7 s-12,0,-12,0c-1.3,-3.3,-3.7,-11.7,-7,-25c-35.3,-125.3,-106.7,-373.3,-214,-744 c-10,12,-21,25,-33,39s-32,39,-32,39c-6,-5.3,-15,-14,-27,-26s25,-30,25,-30 c26.7,-32.7,52,-63,76,-91s52,-60,52,-60s208,722,208,722 c56,-175.3,126.3,-397.3,211,-666c84.7,-268.7,153.8,-488.2,207.5,-658.5 c53.7,-170.3,84.5,-266.8,92.5,-289.5z M1001 80h400000v40h-400000z'/> = . 044 ( 0956 ) 100 \sqrt{\frac{.044(0956)}{100}} 100 .044 ( 0956 ) <path d='M983 90 l0 -0 c4,-6.7,10,-10,18,-10 H400000v40 H1013.1s-83.4,268,-264.1,840c-180.7,572,-277,876.3,-289,913c-4.7,4.7,-12.7,7,-24,7 s-12,0,-12,0c-1.3,-3.3,-3.7,-11.7,-7,-25c-35.3,-125.3,-106.7,-373.3,-214,-744 c-10,12,-21,25,-33,39s-32,39,-32,39c-6,-5.3,-15,-14,-27,-26s25,-30,25,-30 c26.7,-32.7,52,-63,76,-91s52,-60,52,-60s208,722,208,722 c56,-175.3,126.3,-397.3,211,-666c84.7,-268.7,153.8,-488.2,207.5,-658.5 c53.7,-170.3,84.5,-266.8,92.5,-289.5z M1001 80h400000v40h-400000z'/> = 0.02 c.Determine the 3-sigma UCL and LCL. UCL = .044 + 3(.02)= 0.105; LCL = .044 - 3(.02)= 0 d.Does the process appear to be in statistical control? 1 point close to UCL; half above and below P ˉ \bar{P} P ˉ ; probably in control.Should create a graph to look for patterns.

Solved

A Nevada Bank Keeps Track of Errors from 20 Clerks

question 1

Essay

A Nevada Bank keeps track of errors from 20 clerks.Each sample has 100 records.They want to construct a P-chart to track the proportion of errors in each sample.The table below shows the number of errors per sample.(Use z = 3 for control limit calculations.) $\begin{array}{|cc|cc|cc|}\hline \text { Sample } & \text { Errors } & \text { Sample } & \text { Errors } & \text { Sample } & \text { Errors } \\\hline \mathbf{1} & 6 & \mathbf{8} & 6 & \mathbf{1 5} & 5 \\\mathbf{2} & 5 & 9 & 4 & 16 & 1 \\\mathbf{3} & 3 & \mathbf{1 0} & 9 & 17 & 2 \\\mathbf{4} & 4 & \mathbf{1 1} & 2 & \mathbf{1 8} & 6 \\\mathbf{5} & 5 & \mathbf{1 2} & 6 & \mathbf{1 9} & 2 \\\mathbf{6} & 4 & \mathbf{1 3} & 5 & \mathbf{2 0} & 7 \\7 & 2 & \mathbf{1 4} & 4 & \text { TOTAL } & \mathbf{8 8} \\\hline\end{array}$ SHOW YOUR CALCULATIONS
a. Determine . $\bar{P}$
b. Determine σ_P.
c. Determine the 3-sigma UCL and LCL.Does the process appear to be in statistical control?

Be aware of the evolving nature of alternative dispute resolution (ADR) mechanisms, including mediation and arbitration, especially in online disputes.

Understand the characteristics of monopolistic competition and how it differs from perfect competition and monopoly.

Identify and analyze the profit-maximizing behavior of firms in monopolistically competitive markets in the short run and long run.

Understand and calculate profit, total revenue, and total cost for firms within monopolistically competitive markets.

Definitions:

Scope of Practice

Principles of self-boundaries of the profession.

Human Resources Department

The division of a business or organization that manages employee-related functions, including recruitment, training, compliance, and benefits administration.

Providers

Individuals or organizations that offer a particular kind of healthcare service or supply, such as doctors or hospitals.

Make Rounds

The practice of healthcare professionals visiting patients in a sequence, typically in a hospital, to check their condition and progress.