Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Check My 5. 6. EL eBook 7. A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in

image text in transcribed

4. Check My 5. 6. EL eBook 7. A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1000. The acceptance sampling procedure uses 20 randomly selected crystals. a. Construct operating characteristic curves for acceptance criteria of 0, 1, and 2 (to 4 decimals). p=0.01 p=0.05 p=0.08 p= 0.1 p= 0.15 0 0.8179 0.3585 .1887 1 0.9831 0.7359 .5169 2 0.999 0.9246 .7879 b. If pois 0.01 and p = 0.08, what are the producer's and consumer's risks for each sampling plan in part (a) (to 4 decimals)? cat po = 0.01 Producer's Risk At p = 0.08 Consumer's Risk 0 0.8103 .1821 g 0.1887 0.1887 1 0.9929 .0169 .5169 .5169 2 0.999 .0010 .7879 .7879 Hide Feedback Partially Correct Check My 0-Icon Kev he 4. Check My 5. 6. EL eBook 7. A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1000. The acceptance sampling procedure uses 20 randomly selected crystals. a. Construct operating characteristic curves for acceptance criteria of 0, 1, and 2 (to 4 decimals). p=0.01 p=0.05 p=0.08 p= 0.1 p= 0.15 0 0.8179 0.3585 .1887 1 0.9831 0.7359 .5169 2 0.999 0.9246 .7879 b. If pois 0.01 and p = 0.08, what are the producer's and consumer's risks for each sampling plan in part (a) (to 4 decimals)? cat po = 0.01 Producer's Risk At p = 0.08 Consumer's Risk 0 0.8103 .1821 g 0.1887 0.1887 1 0.9929 .0169 .5169 .5169 2 0.999 .0010 .7879 .7879 Hide Feedback Partially Correct Check My 0-Icon Kev he

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

For Heintz/parrys College Accounting, Chapters 1-15, 22nd Edition, [instant Access]

Authors: James A. Heintz, Robert W. Parry

22nd Edition

1305669886, 9781305669888

More Books

Students also viewed these Accounting questions

Question

=+7. Are shareholders in a firm investors or gamblers?

Answered: 1 week ago