Statistics for Business & Economics, Revised (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
bartleby

Videos

Question
Book Icon
Chapter 19, Problem 24SE

a.

To determine

Explain about the given values of p0.

a.

Expert Solution
Check Mark

Answer to Problem 24SE

The fraction defective at which the producer would tolerate a probability of rejecting a good lot of 0.075 is 0.03.

Explanation of Solution

Calculation:

An acceptance sampling plan with n=15 and c=1 is given. The producer’s risk is 0.75.

Binomial probability function for acceptance sampling:

f(x)=n!x!(nx)!px(1p)(nx)

Here

n=the sample sizep=the porportion of defective items in the lotx=the number of defective items in the samplef(x)=the probability of x defective items in the sample

For p0=.01:

The probability of accepting the lot when p0=.01 is calculated as follows:

P(Accepting lot)=f(0)+f(1)=15!0!(150)!(0.01)0(10.01)(150)+15!1!(151)!(0.01)1(10.01)(151)=15!15!(0.99)15+15!14!(0.01)(0.99)14=0.8601+15(0.01)(0.8687)

                            =0.8601+0.1303=0.9904

Thus, the probability of accepting the lot when p0=.01 is 0.9904.

The producer’s risk, α, is obtained as follows:

α=10.9904=0.0096

Thus, the producer’s risk when p0=.01 is 0.0096.

For p0=.02:

The probability of accepting the lot when p0=.02 is calculated as follows:

P(Accepting lot)=f(0)+f(1)=15!0!(150)!(0.02)0(10.02)(150)+15!1!(151)!(0.02)1(10.02)(151)=15!15!(0.98)15+15!14!(0.02)(0.98)14=0.7386+15(0.02)(0.7536)

                            =0.7386+0.2261=0.9647

Thus, the probability of accepting the lot when p0=.02 is 0.9647.

The producer’s risk, α, is obtained as follows:

α=10.9647=0.0353

Thus, the producer’s risk when p0=.02 is 0.0353.

For p0=.03:

The probability of accepting the lot when p0=.03 is calculated as follows:

P(Accepting lot)=f(0)+f(1)=15!0!(150)!(0.03)0(10.03)(150)+15!1!(151)!(0.03)1(10.03)(151)=15!15!(0.97)15+15!14!(0.03)(0.97)14=0.6333+15(0.03)(0.6528)

                            =0.6333+0.2938=0.9271

Thus, the probability of accepting the lot when p0=.03 is 0.9271.

The producer’s risk, α, is obtained below:

α=10.9271=0.0729

Thus, the producer’s risk when p0=.03 is 0.0729.

For p0=.04:

The probability of accepting the lot when p0=.04 is calculated as follows:

P(Accepting lot)=f(0)+f(1)=15!0!(150)!(0.04)0(10.04)(150)+15!1!(151)!(0.04)1(10.04)(151)=15!15!(0.96)15+15!14!(0.04)(0.96)14=0.5421+15(0.04)(0.5647)

                            =0.5421+0.3388=0.8809

Thus, the probability of accepting the lot when p0=.04 is 0.8809.

The producer’s risk, α, is obtained as follows:

α=10.8809=0.1191

Thus, the producer’s risk when p0=.04 is 0.1191.

For p0=.05:

The probability of accepting the lot when p0=.05 is calculated as follows:

P(Accepting lot)=f(0)+f(1)=15!0!(150)!(0.05)0(10.05)(150)+15!1!(151)!(0.05)1(10.05)(151)=15!15!(0.95)15+15!14!(0.05)(0.95)14=0.4633+15(0.05)(0.4877)

                            =0.4633+0.3658=0.8291

Thus, the probability of accepting the lot when p0=.05 is 0.8291.

The producer’s risk, α, is obtained as follows:

α=10.8291=0.1709

Thus, the producer’s risk when p0=.05 is 0.1709.

Here, the producer’s risk obtained using p0=.03 is approximately equal to 0.075.

Therefore, the fraction defective at which the producer would tolerate a probability of rejecting a good lot of 0.075 is 0.03.

b.

To determine

Find the consumer’s risk associated with this plan when p1=0.25.

b.

Expert Solution
Check Mark

Answer to Problem 24SE

The consumer’s risk when p1=.25 is 0.0802.

Explanation of Solution

Calculation:

The probability of accepting the lot when p1=.25 is calculated as follows:

P(Accepting lot)=f(0)+f(1)=15!0!(150)!(0.25)0(10.25)(150)+15!1!(151)!(0.25)1(10.25)(151)=15!15!(0.75)15+15!14!(0.25)(0.75)14=0.0134+15(0.25)(0.0178)

                            =0.0134+0.0668=0.0802

Thus, the probability of accepting the lot when p1=.25 is 0.0802.

The consumer’s risk, β, is β=0.0802.

Thus, the consumer’s risk when p1=.25 is 0.0802.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Throughout, A, B, (An, n≥ 1), and (Bn, n≥ 1) are subsets of 2. 1. Show that AAB (ANB) U (BA) = (AUB) (AB), Α' Δ Β = Α Δ Β, {A₁ U A2} A {B₁ U B2) C (A1 A B₁}U{A2 A B2).
16. Show that, if X and Y are independent random variables, such that E|X|< ∞, and B is an arbitrary Borel set, then EXI{Y B} = EX P(YE B).
Proposition 1.1 Suppose that X1, X2,... are random variables. The following quantities are random variables: (a) max{X1, X2) and min(X1, X2); (b) sup, Xn and inf, Xn; (c) lim sup∞ X and lim inf∞ Xn- (d) If Xn(w) converges for (almost) every w as n→ ∞, then lim- random variable. → Xn is a

Chapter 19 Solutions

Statistics for Business & Economics, Revised (MindTap Course List)

Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
PREALGEBRA
Algebra
ISBN:9781938168994
Author:OpenStax
Publisher:OpenStax
Introduction to Statistical Quality Control (SQC); Author: FORSEdu;https://www.youtube.com/watch?v=c18FKHUDZv8;License: Standard YouTube License, CC-BY
[DAXX] Introduction to Statistical Quality Control; Author: The Academician;https://www.youtube.com/watch?v=ypZGDxjSM60;License: Standard Youtube License