Question
Using samples of 190 credit card statements, an auditor found the following: Use Table-A. Sample 1 2 3 4 Number with errors 5 3 5
Using samples of 190 credit card statements, an auditor found the following: Use Table-A.
Sample | 1 | 2 | 3 | 4 |
Number with errors | 5 | 3 | 5 | 12 |
a. Determine the fraction defective in each sample. (Round your answers to 4 decimal places.)
Sample | Fraction defective |
1 | .0263 .0263 Correct |
2 | .0158 .0158 Correct |
3 | .0263 .0263 Correct |
4 | .0632 .0632 Correct |
b.If the true fraction defective for this process is unknown, what is your estimate of it? (Round your answer to 1 decimal place. Omit the "%" sign in your response.)
Estimate 3.3 3.3 Correct %
c. What is your estimate of the mean and standard deviation of the sampling distribution of fractions defective for samples of this size? (Round your intermediate calculations and final answers to 4 decimal places.)
Mean | .0329 .0329 Correct |
Standard deviation | .0180 .0180 Incorrect |
d.What control limits would give an alpha risk of .03 for this process? (Round your intermediate calculations to 4 decimal places. Round your "z" value to 2 decimal places and other answers to 4 decimal places.)
z = 2.17, ____ to ____
e.What alpha risk would control limits of .0470 and .0188 provide? (Round your intermediate calculations to 4 decimal places. Round your "z" value to 2 decimal places and "alpha risk" value to 4 decimal places.)
z = alpha risk =
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started