A company uses the following acceptance$-$sampling procedure. A sample size equal to $10\%$ of the

lot is taken. If $2\%$ or less of the items in the sample are defective, the lot is accepted; otherwise, it

is rejected. If submitted lots vary in size from $5000$ to $10,000$ units, what can you say about the

protection by this plan? If $5\%$ defective rate is the desired LTPD$,$ does this scheme offer reasonable

protection to the consumer? Support your answer with calculation.A company uses the following acceptance$-$sampling procedure. A sample size equal to $10\%$ of the

lot is taken. If $2\%$ or less of the items in the sample are defective, the lot is accepted; otherwise, it

is rejected. If submitted lots vary in size from $5000$ to $10,000$ units, what can you say about the

protection by this plan? If $5\%$ defective rate is the desired LTPD$,$ does this scheme offer reasonable

protection to the consumer? Support your answer with calculation.