In Acceptance Sampling, If the Number of Defects in a Sample

question 75

True/False

In acceptance sampling, if the number of defects in a sample is less or equal to the acceptance number, then the incoming lot is accepted.

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Definitions:

Operating Activities

The day-to-day actions that are involved in running a business and generating revenue, including production, sales, and service delivery.

Existing Capacity

The current maximum output or production level that a facility or factory can achieve using its available resources.

Accounts Payable

Short-term liabilities representing money owed by a company to its creditors for goods and services that have been purchased on credit.

Inventory Balance

The value of all the goods available for sale or use by a business at the end of an accounting period.