The Uniform Commercial Code (UCC) allows a buyer to accept any number of units of the goods and reject the rest if the goods fail to conform to the contract in any respect

The terms "effective" and "efficient" mean the same thing

Indicate whether the statement is true or false

The quality control department of a company has decided to select a sample of 20 items from each shipment of goods it receives and inspect them for defects. It has been decided that if the sample contains no defective parts, the entire lot will be accepted

a. What is the probability of accepting a lot that contains 10% defective items? b. What is the probability of accepting a lot that contains 5% defective items? c. What is the probability of rejecting a lot that contains 15% defective items?