Acceptance sampling is a statistical method used to monitor


Acceptance sampling is a statistical method used to monitor the quality of purchased parts and components. To ensure the quality of incoming parts, a purchaser or manu- facturer normally samples 20 parts and allows 1 defect. a. What is the likelihood of accepting a lot that is 1% defective? b. If the quality of the incoming lot was actually 2%, what is the likelihood of accepting it? c. If the quality of the incoming lot was actually 5%, what is the likelihood of accepting it?

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Business Economics: Acceptance sampling is a statistical method used to monitor
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