A Bank Officer Wishes to Study How Many Customers Write

question 66

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 of checking accounts,and the number of who wrote bad checks was recorded.The numbers of customers who wrote bad checks in 20 consecutive weekly samples of 100 cardholders are,respectively, 1,4,9,0,4,6,0,3,8,5,3,5,2,9,4,4,3,6,4,0
On the basis of the limits established,if the bank finds that 12 customers in next week's sample of 100 cardholders have written bad checks,should the bank believe that there has been an unusual variation in the process?

• A)Yes
• B)No

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Definitions:

Low-Value Activities

Tasks or processes that contribute minimal benefit to organizational goals, often identified for elimination or automation.

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The process through which a group, organization, or society gains knowledge and understanding, improving its capabilities over time.

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The application of scientific knowledge for practical purposes, especially in industry, where it affects methods of production, communication, and information management.