Acceptance sampling:
A) is the application of statistical techniques to the control of processes.
B) was developed by Walter Shewhart of Bell Laboratories.
C) is used to determine whether to accept or reject a lot of material based on the evaluation of a sample.
D) separates the natural and assignable causes of variation.
E) is another name for 100% inspection.
C
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A firm has borrowed $1 million and assigned its receivables to the lender. Because of defaults, the receivables prove insufficient to cover the debt. In this case, the:
A) firm bears the risk of default B) insurance carrier will bear the risk C) lender bears the risk of default D) default risk is shared between lender and firm
Transfer of all of a tenant's right under a lease is
a. an assignment. b. a sublease. c. a freehold estate. d. an estate at will.