The consumer's risk is the probability of accepting a lot in which the fraction of defective items exceeds the lot tolerance percent defective (LTPD).

Question

Quizplus · Accepted Answer

This is correct according to statistical sampling theory. The consumer's risk is the risk of accepting a lot of products that exceeds the maximum allowable defective rate. The lot tolerance percent defective (LTPD) is the maximum percentage of defective items that is acceptable in a lot. If the actual percentage of defective items in a lot exceeds the LTPD, it is considered unacceptable and the consumer risks accepting it if their sampling plan is not effective in detecting the defect.

The Consumer's Risk Is the Probability of Accepting a Lot