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    Statistics for Business and Economics Study Set 3
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    Exam 21: Statistical Methods for Quality Control
  5. Question
    Consumer's Risk Is
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Consumer's Risk Is

Question 51

Question 51

Multiple Choice

Consumer's risk is


A) the same concept as the Producer's risk.
B) the probability of Type II error.
C) the probability of Type I error.
D) the probability of rejecting a good-quality lot.

Correct Answer:

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