This OC Curve Represents a Sampling Plan Developed for a Lot

question 11

Multiple Choice

This OC curve represents a sampling plan developed for a lot size of 500,a sample size of 15,and an acceptance number of 2.The probability of acceptance for each of the first six points appears next to the plotted point.What is the average outgoing quality for an incoming fraction defective of 0.15?

• A)Less than 0.06.
• B)Greater than or equal to 0.06 but less than 0.07.
• C)Greater than or equal to 0.07 but less than 0.08.
• D)Greater than or equal to 0.08.

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Definitions:

Economic Benefits

The benefits obtained from the use of goods or services that contribute to an entity's cash flow.

Agricultural Diversity

The variety and variability of plants, animals, and microorganisms used directly or indirectly for food and agriculture, providing multiple options for sustainable agricultural production.

AASB 141

An Australian accounting standard regarding the accounting for agricultural activity, including the recognition and measurement of biological assets and agricultural produce.

IAS 41

An International Accounting Standard that deals with the accounting for agricultural activity, including the transformation of biological assets (living plants and animals) into agricultural produce.