Using samples of 200 credit card statements, an auditor found the following:Sample: 1…..2……3……4Errors: 4…..2……5……9a.What control limits would give an alpha risk of .03 for this process?b.What alpha risk would control limits of .047 and .003 provide?c.Using control limits of .047 and .003 is the process in control?d.Suppose that the long-term fraction defective of the process is known to be 2 percent. What are the values of the mean and standard deviation of the sampling distribution? e.Construct a control chart for the process, assuming a fraction defective of 2 percent, using two-sigma control limits. Is the process in control?
Be advised that this service is completely legal and does not infringe any college/university law. The paper received from our company may be used as a source for a deeper comprehension on the subject.
WEBSITE LIVE CHAT:
Any Given Deadline