A manufacturer produces lots of a canned food product. Let p denote the proportion of the lots that do not meet the product quality specifications. An n = 37, c = 0 acceptance sampling plan will be used. (a) Compute points on the operating characteristic curve when p= 0.01, 0.03, 0.10, and 0.20. (Round your answers to four decimal places.) P = 0.01 p = 0.03 p = 0.10 p = 0.20

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Rate of Change

The relation between two quantities which displays how much greater one quantity is than another is called ratio.

Slope

The change in the vertical distances is known as the rise and the change in the horizontal distances is known as the run. So, the rise divided by run is nothing but a slope value. It is calculated with simple algebraic equations as: