Consumer's risk is the probability of
A) accepting a good lot.
B) rejecting a good lot.
C) rejecting a bad lot.
D) accepting a bad lot.
E) shipping a bad lot.

Name: Consumer's risk is the probability of A) accepting a good lot. B) rejecting a good lot. C) rejecting a bad lot. D) accepting a bad lot. E) shipping a bad lot.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consumer's risk is the probability of accepting a bad lot, which means the risk of consumers accepting a product that is actually of low quality or defective.

Consumer's Risk Is the Probability of