Capability

A bank tracks the amount of money lost each day due to fraudulent charges on its credit cards. The bank expects daily losses of $5000, but anywhere between $2000 and $8000 is considered normal. Last month the actual amount lost per day had an average of $5244 and a standard deviation of $317.

Which one of the following statements best describes the capability of this process with respect to Cpm and Cp?

Question 1 options:

It is capable on good days, and capable on typical days.

It is capable on good days, but not capable on typical days.

It is not capable on good days, but is capable on typical days.

It is not capable on good days, and not capable on typical days.

Please explain how to choose good days and typical days.