Question

Using samples of 200 credit card statements, an Auditor found the following: Sample Number: 1 2...

Using samples of 200 credit card statements, an Auditor found the following:

Sample Number: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Number of Errors: 27 25 26 29 27 25 29 28 31 30 28 27 29 24 29

Determine lower and upper control limits for the fraction of errors using three-sigma limits.

Question 5 options:

.077 , .198

.089 , .186

.064 , .211

.04 , .235

None of the Above

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Answer #1

The statistical software output for this problem is:

Hence,

The control limits are:

0.064, 0.211

Option C is correct.

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