Aceco has a contract with a supplier to ship parts that contain no more than three percent defects. When a large shipment of parts comes in, Aceco samples n = 150. Based on the results of the sample, they either accept the shipment or reject it. If Aceco wants no more than a 0.10 chance of rejecting a good shipment, the cut-off between accepting and rejecting should be 0.0478 or 4.78 percent of the sample

Indicate whether the statement is true or false

TRUE

Business

You might also like to view...

What is an Intranet? Identify several key benefits of intranets

What will be an ideal response?

Business

Short tenure in management is associated with innovation

Indicate whether the statement is true or false

Business