Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are provided with a summary table that lists causes of incomplete ATM transactions. You are tasked with identifying the causes that contribute the most

You are provided with a summary table that lists causes of incomplete ATM transactions. You are tasked with identifying the causes that contribute the most to the problem of incomplete transactions. You are also asked to identify if there is a relationship between the frequency of the causes and the number of customer complaints regarding the banks ATM machines.

Cause Cost of Repair in Dollars Number of Complaints
Warped card jammed 168 93
Card unreadable 157 87
ATM malfunctions 126 45
ATM out of cash 128 38
Invalid amount requested 119 32
Wrong keystroke 90 27
Lack of funds in account 62 18
Total 850 340
a) Compute the Coefficient of Correlation Analysis. b) Make a SCATTER PLOT that shows the value for R2.
c) Based on the correlation coefficient r and the result of the scatter plot, how would you describe the relationship between the frequency of incomplete ATM transactions and number of complaints?
d) Make a PARETO CHART based on the cause frequency. e) Based on the Pareto chart, what are the most important causes of incomplete ATM transactions that need to be addressed. Explain why/how you identified these causes.

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

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

6th Edition

978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895

More Books

Students also viewed these Mathematics questions

Question

=+ Identify the ethical dilemma in this scenario.

Answered: 1 week ago