Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 13, Problem 9P
Summary Introduction

Interpretation:

Impact on producer’s risk in accepting sampling when sample size is decreased.

Concept Introduction: The variation in any distribution is measured by the standard deviation. A standard deviation is a statistical tool that examines the length of deviation of each sample from its sample mean. The higher the value of standard deviation, the higher is the variation.

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