In: Statistics and Probability
A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1,000. The acceptance sampling procedure uses 15 randomly selected crystals.
If
p0 = 0.01
and
p1 = 0.08,
what are the producer's and consumer's risks for each sampling plan in part (a)? (Round your answers to four decimal places.)
c | Producer's Risk | Consumer's Risk |
---|---|---|
0 | .1399 | .2863 |
1 | ||
2 |