In acceptance sampling, the risk of rejecting a good-quality lot is known as
A) Consumer's risk.
B) Producer's risk.
C) a Type II error.
D) None of these alternatives is correct.

Name: In acceptance sampling, the risk of rejecting a good-quality lot is known as A) Consumer's risk. B) Producer's risk. C) a Type II error. D) None of these alternatives is correct.
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Question

Quizplus · Accepted Answer

Producer's risk is the risk of rejecting a good-quality lot, which is a concern for the producer or supplier of the product.

In Acceptance Sampling, the Risk of Rejecting a Good-Quality Lot