Producer's risk is _____.
A) the same as the consumer's risk
B) a Type II error
C) a Type I error
D) None of the answers is correct.

Question

Quizplus · Accepted Answer

Producer's risk refers to the possibility of a producer, or manufacturer, of a product or service incorrectly rejecting a good batch (Type I error) when testing for quality control. This can lead to unnecessary costs and delays in production, and can also result in the rejection of good products that could have been sold.

Producer's Risk Is _____