An insurance company is using the Dodge-Romig tables for LTPD to determine a single sampling plan for an LTPD = 1.0% when the process average is 0.35% and N = 600. What is the AOQL?
An insurance company is using the Dodge-Romig tables for LTPD to
determine a single sampling plan for an LTPD = 1.0% when the
process average is 0.35% and N = 600. What is the AOQL?
Solutions
Expert Solution
When we see the Dodge Roming table For N-600 and process average
=0.35%. The
AOQL is 0.13% for n=190
When it come to the process of sampling and testing hypotheses
using a sample.
• What causes the findings of a sample-based research to be
suspect?
• What are the consequences of having a non-representative
sample and testing hypotheses for decision making?
• How dangerous could this prove to be? (Provide examples.)