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A Bank Randomly Looks at Loan Applications and Checks Them

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A bank randomly looks at loan applications and checks them for errors.Ten applications and the number of errors identified on the applications are found in the following table.When the process is working correctly,the average number of errors found is 2.Construct a c-chart to determine if the process is in control.
A bank randomly looks at loan applications and checks them for errors.Ten applications and the number of errors identified on the applications are found in the following table.When the process is working correctly,the average number of errors found is 2.Construct a c-chart to determine if the process is in control.


Definitions:

Capital Contributions

The value of assets contributed to a company by its owners or shareholders.

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