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A Bank Randomly Looks at Loan Applications and Checks Them

question 139

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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:

Molten Aluminum

Aluminum in a liquid state, achieved by heating the metal beyond its melting point.

Onerous Obligations

Duties or responsibilities that are burdensome or involve a substantial amount of effort, cost, or difficulty.

Oil Embargo

An oil embargo is a prohibition on the trade of oil, typically imposed by one or more countries against another, often used as a political tool or sanction.

Laryngitis

Inflammation of the larynx, often causing a hoarse voice or loss of voice.

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