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A bank has set a standard that mortgage applications be processed within a certain number of days of filing. If, out of a sample of 2,500 applications, 85 fail to meet this requirement, what is the epmo metric and what sigma level does it correspond to?

Respuesta :

Answer:

The epmo metric will be 0.034

Explanation:

We have given there are a sample of 2500 applicants

So total number of applicants = 2500

In which 85 fail to meet the requirement

So the number of applicants who fail to meet the requirement = 85

We have to find the epmo metric

We know that epmo metric is given by

Epmo metric [tex]=\frac{number\ of\ applicants\ who\ fail\ to\ meet\ the\ requirement}{total\ number\ of\ applicants}=\frac{85}{2500}=0.034[/tex]

So the epmo metric will be 0.034

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