Distinguish between producer's risk and consumer's risk. In this context, explain the terms acceptable quality level and limiting quality level Discuss instances for which one type of risk might be more important than the other.

A sequential sampling plan is to be used. It is desirable to have a producer's risk of $0\mathrm{.}05$ at AQL$=0\mathrm{.}008$ and a consumer's risk of $0\mathrm{.}07$ at $LQL0\mathrm{.}082.$ Determine the equations for the acceptance and rejection lines. What is the first opportunity to reject? What is the first opportunity accept? $2+4$ Marks