Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using samples of 198 credit card statements, an auditor found the following: Use Table-A. Sample 1 Number with errors 4 Determine the fraction defective in

Using samples of 198 credit card statements, an auditor found the following: Use Table-A. Sample 1 Number with errors 4 Determine the fraction defective in each sample. (Round your answers to 4 decimal places.) Sample 1234 Estimate 2 3 4 2 4 11 Mean Standard deviation Fractio defective b. If the true fraction defective for this process is unknown, what is your estimate of it? (Enter your answer as a percentage rounded to 1 decimal place. Omit the "%" sign In your response.) 0.0202 0.0101 0.0202 0.0556 Z Lower limit Upper limit 27 % 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.) 2 0.0265 0042 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.)
image text in transcribed
Using samples of 198 credit card statements, an auditor found the following: Use Tablest 6. Determine the fraction defective in each sample. (Round your answers to 4 decimal pleces.) b. If the true fraction defective for this process is unknown. what is your estimate of it? (Enter your onswer as a percentege rounded to 1 decimal plece. Omit the "ho" sign In your response.) 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 Intermedlate celeulations and final answers to 4 decimel places.) d. What control fimits would glve an alphe risk of 03 for this process? (Round your Intermediate colculations to 4 decimal places. Round your " z " value to 2 decimal pleces and other enswers to 4 declmel pieces.) Using samples of 198 credit card statements, an auditor found the following: Use Tablest 6. Determine the fraction defective in each sample. (Round your answers to 4 decimal pleces.) b. If the true fraction defective for this process is unknown. what is your estimate of it? (Enter your onswer as a percentege rounded to 1 decimal plece. Omit the "ho" sign In your response.) 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 Intermedlate celeulations and final answers to 4 decimel places.) d. What control fimits would glve an alphe risk of 03 for this process? (Round your Intermediate colculations to 4 decimal places. Round your " z " value to 2 decimal pleces and other enswers to 4 declmel pieces.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel Jr.

8th edition

470533021, 978-0470533024

More Books

Students also viewed these General Management questions

Question

What three factors determine blood pressure?

Answered: 1 week ago