A Quality Inspector for Alpha-Beta Co

question 1

Multiple Choice

A quality inspector for Alpha-Beta Co. is concerned about the quality of the batch of several thousand blank DVD disks which his company produced this week and is preparing to ship. If, based on his acceptance sample, he decides to ship this batch without inspection, which type error would be possible?

• A) inspector's error
• B) producer's error
• C) Type I error
• D) Type II error
• E) both Type I and Type II errors

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Definitions:

Montgomery Bus Boycott

A civil rights protest in 1955-1956 in Montgomery, Alabama, where African Americans refused to use the city buses to fight against segregated seating.

Rosa Parks

An African American civil rights activist whose refusal to give up her seat on a segregated bus in Montgomery, Alabama, in 1955 led to a citywide boycott and became a symbol of the fight against racial segregation.

Predatory Lending

Unethical practices by lenders who impose unfair and abusive loan terms on borrowers, often through high interest rates or unreasonable fees.

Loans

Money, property, or other material goods given to another party in exchange for future repayment of the loan value amount with interest or other finance charges.