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    Statistics
  3. Study Set
    Operations and Supply Chain Management Study Set 4
  4. Exam
    Exam 5: Supplement Operational Decision-Making Tools: Acceptance Sampling
  5. Question
    The Consumer's Risk Is the Probability of Accepting a Lot
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The Consumer's Risk Is the Probability of Accepting a Lot

Question 9

Question 9

True/False

The consumer's risk is the probability of accepting a lot in which the fraction of defective items exceeds the lot tolerance percent defective (LTPD).

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