Question
Some argue that given the existence of control charts, acceptance sampling is not needed. What do you think about this argument? If you were to
Some argue that given the existence of control charts, acceptance sampling is not needed. What do you think about this argument? If you were to construct an acceptance sampling plan, how would you justify that it is a good plan (what attributes would you mention, what would be "good probabilities," etc.)?
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The argument that control charts eliminate the need for acceptance sampling is based on the premise that control charts provide realtime monitoring of process variation and identify deviations from th...Get Instant Access to Expert-Tailored Solutions
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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