A large insurance company processes 1,000 claims per day and has found that, on
ID: 3379835 • Letter: A
Question
A large insurance company processes 1,000 claims per day and has found that, on average, 4.75% of these processed claims have defects.
What would be the standard deviation of the sampling distribution if you were to use a sample size of 200?
What is the upper control limit of a 3-sigma p-chart if the sample size is 200?
What is the lower control limit of a 3-sigma p-chart if the sample size is 200?
What is the upper control limit of a 3-sigma p-chart if the sample size is 100?
What is the lower control limit of a 3-sigma p-chart if the sample size is 100?
Explanation / Answer
A large insurance company processes 1,000 claims per day and has found that, on