Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Acceptance Sampling is a statistical measure used in quality control. A company cannot test all of its products because of ruining the products, or the volume of products being very large. Acceptance sampling resolves this by checking a sample of product for defects. The process includes sample size, batch size and the number of defects suitable in the batch. This process permits a company to determine the quality of a batch with a particular degree of statistical certainty without having to check every unit of product. The statistical reliability of a sample is usually measured through a t-statistic.
For Example - If a company manufactures millions of product and tests 10 units with one default then an hypothesis would be made on probability that 10,000 of the 1,00,000 are defective. Though, this could be a grossly inaccurate representation. More dependable conclusions can be made by raising the batch size higher than 10, and rising the sample size by doing more than merely one test and averaging the results. When done properly, acceptance sampling is a highly efficient tool in quality control.
Question The variance of Stock A is .004, the variance of the market is .007 and the covariance between the two is .0026. What is the correlation coefficient?
Loudfire Safaris have requested you to prepare a cash budget for the period ending 31 March 2013. The following projections have been made for the next 4 months
Mary has a weekly allowance of $24 to spend on soda and coffee. Let 40 cups be the maximum amount of soda she can buy for the money. Let $.40 be the price of 1 cup of coffee. As
Question : (a) Why OLS cannot be applied in the presence of simultaneous equation bias? b) i) Prepare a simultaneous equation model for the supply and demand of dentist in
How do Insurance companies calculate the Expected Experience Ratio
Below is information about the spot and forward rates for three currencies against the US dollar (USD): (a) Critically discuss the interest rate parity and covered interest
Financing Throughout the life of this Company, Dwight is proud of the fact that he has never before required any outside financing--other than his line of credit. The line of
Current ratio (CA) or working capital ratio CA = Current assets/Current liabilities (times) Current ratio measures the short term solvency or liquidity; it signifies the ext
Question 1: a) Faced with fierce international competition Mauritius should protect its domestic industries, to survive in such an environment. Discuss. b) "The best way
need help
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd