Over six months a bank recorded on a weekly basis errors, Ask an Expert

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Over six months a bank recorded, on a weekly basis, errors per thousand items processed in all types of collection transaction. The resulting 26 numbers were as follows: 0, 2, 0, 17, 2, 4, 0, 2, 1, 0, 0, 5, 6, 5, 15, 5, 10, 5, 2, 2, 0, 2, 0, 0, 1.

The bank administration reports tha the average error rate for such transactions is 1.5%.

What is the average weekly proportion of errors (4 decimal places)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92790365

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