Data That Are Presented in a Form That Is Useful

question 68

True/False

Data that are presented in a form that is useful for a specific purpose are called information.

---

Definitions:

Producer's Risk

Producer's risk is the probability of rejecting a quality product during the inspection process, falsely identifying it as defective.

Consumer's Risk

The probability of accepting a lot or batch of goods that contains a greater number of defects than a predetermined level, leading to consumer dissatisfaction.

Acceptance Sampling

A statistical quality control method where a random sample of items from a lot is tested to determine the acceptance or rejection of the entire lot.

Bad Lots

Refers to batches of goods or products that do not meet the quality standards set by the manufacturer or industry.