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Define consumers risk how does it relate to the errors of

1.Why doesn't acceptance sampling remove all defects from a batch?

2.What is the purpose of the Operating Characteristics curve?

3.What is the AOQ of an acceptance sampling plan?

4.Define consumer's risk. How does it relate to the errors of hypothesis testing? What is the symbol for its value?

5.What four elements determine the value of average outgoing quality? Why does this curve rise, peak, and fall?

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Finance Basics: Define consumers risk how does it relate to the errors of

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