In acceptance sampling, the risk of accepting a poor quality lot is known as _____.
A) consumer's risk
B) producer's risk
C) a Type I error
D) None of the answers is correct.

Question

Quizplus · Accepted Answer

Consumer's risk refers to the risk of accepting a poor quality lot, which means that the lot is accepted by the consumer but does not meet the quality standards. This is also known as Type II error. Producer's risk, on the other hand, refers to the risk of rejecting a good quality lot, which means that the lot is rejected by the producer even though it meets the quality standards. This is also known as Type I error. Therefore, the correct answer is A.

In Acceptance Sampling, the Risk of Accepting a Poor Quality