Examlex
The sampling distribution of the sample means is less variable than the population distribution.
Type I Error
Statistically, the probability of rejecting a good lot.
Good Lot
A term used in quality control to describe a batch of products that meet specified quality standards.
AQL
Acceptable Quality Level, a statistical measurement used in quality control that defines the maximum number of defective items allowed in a sample lot.
Type II Error
Statistically, the probability of accepting a bad lot.
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