A Firm Uses Acceptance Sampling to Evaluate Batches of Inputs

Short Answer

A firm uses acceptance sampling to evaluate batches of inputs.Ideally, the defect rate would be no more than 3.5%.The firm knows that on occasion, batches with higher defect rates will be accepted.However, if the defect rate reaches 7%, the firm would like there to be very little chance of that batch being accepted.This value, 7%, is the firm's ______.