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)None of these alternatives is correct.

Name: 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)None of these alternatives is correct.
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Question

Quizplus · Accepted Answer

Consumer's risk is the probability of accepting a lot of products that are not acceptable, which is equivalent to committing a Type II error.

Consumer's Risk Is