Statistical Procedure

Acceptance Sampling: Quality Control Statistical Procedure
Acceptance sampling involves testing a batch of data to determine if the proportion of units having a particular attribute exceeds a given percentage. The sampling plan involves three determinations: batch size, sample size, and maximum number of defects permissible before rejection of the entire batch.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.