Asked by DeAnna Schmidt on Apr 27, 2024
Verified
Define consumer's risk. How does it relate to the errors of hypothesis testing? What is the symbol for its value?
Consumer's Risk
The probability of accepting a defective product or service because the inspection or test fails to detect the flaw.
Hypothesis Testing
A statistical method that uses sample data to evaluate a hypothesis about the characteristics of a population.
- Explain the distinctions between Type I and Type II errors within the framework of acceptance sampling.
Verified Answer
MR
Melony RaskinMay 01, 2024
Final Answer :
The consumer's risk is the probability of accepting a bad lot. It is a Type II error; its value is beta.
Learning Objectives
- Explain the distinctions between Type I and Type II errors within the framework of acceptance sampling.