EBK PRODUCTION AND OPERATIONS ANALYSIS
EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 9781478628385
Author: Olsen
Publisher: WAVELAND PRESS (ECONTENT)
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Chapter 12, Problem 65AP
Summary Introduction

Interpretation: Values of producer risk and consumer risk needs to be determined based on the given data.

Concept Introduction: Binomial distribution can be approximated to poisson distribution when sample size is large and percent defectives is very small.

Summary Introduction

Interpretation: Need to analyze benefit-loss situation for the manufacturer

Concept Introduction: Binomial distribution can be approximated to poisson distribution when sample size is large and percent defectives is very small.

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