5.6 Computer diskettes, which do not meet the quality required for high-density (1.44 Mb) diskettes, are sold
Question:
5.6 Computer diskettes, which do not meet the quality required for high-density (1.44 Mb) diskettes, are sold as double-density diskettes (720 kb) for 80p each. High-density diskettes are sold for £1.20 each. A firm samples 30 diskettes from each batch of 1000 and if any fail the quality test the whole batch is sold as double-density diskettes. What are the types of error possible and what is the cost to the firm of a Type I error?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Economics Accounting And Business Studies
ISBN: 9780273743286
5th Edition
Authors: Mr Michael Barrow
Question Posted: