An Operating Characteristic (OC) Curve Is a Graph That Measures

question 10

Multiple Choice

An operating characteristic (OC) curve is a graph that measures

• A) the acceptable proportion of defects in a lot to the consumer.
• B) the probability of accepting a lot for different quality levels with a specific sampling plan.
• C) the probability of accepting a lot in which the fraction of defectives exceeds the lot tolerance percent defective.
• D) the maximum number of defective items a consumer will accept in a lot.

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Definitions:

Certified Development Company

A nonprofit organization sponsored either by private interests or by state or local governments.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year, such as buildings, machinery, and vehicles.

Equity Funds

Investment funds that primarily invest in stocks, aiming to provide returns through capital gains or dividends.

Personal Funds

Money that individuals have saved or accumulated, which can be used for investments, starting a business, or other personal uses.