A bank's savings account statements contain 24 items of account information.Last month,2500 bank statements were checked and 52 errors were found in the account items.What is the dpmo value?

Question

Quizplus · Accepted Answer

DPMO (Defects Per Million Opportunities) can be calculated using the formula:
DPMO = (Number of Defects/Total Opportunities) x 1,000,000

In this case,
Number of Defects = 52
Total Opportunities = 2500 x 24 = 60,000

DPMO = (52/60,000) x 1,000,000 = 867

Therefore, the DPMO value is 867. So, the best choice is (B).

A Bank's Savings Account Statements Contain 24 Items of Account