In Quality Control Terminology, the Statistical Procedure of Acceptance Sampling's

question 52

Multiple Choice

In quality control terminology, the statistical procedure of acceptance sampling's alternative hypothesis is that

• A) the lots are not equal.
• B) lot 1 is greater than lot 2.
• C) it is a good-quality lot.
• D) it is a poor-quality lot.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Costs Of Production

The total expenses incurred in manufacturing a product or delivering a service.