Examlex
How is reliability in performance appraisal measured?
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.
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