Producer'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)none of the above.

Question

Quizplus · Accepted Answer

Producer's risk refers to the risk of a producer or supplier having a batch or lot rejected even though it is actually of acceptable quality. Therefore, the probability of rejecting a good lot (choice B) is the correct answer.

Producer's Risk Is the Probability Of