Question: 1. Consider a sampling plan with N = 350, n = 40, p = 0.04 and c = 4. (i) Find the probability that an

1. Consider a sampling plan with N = 350, n = 40, p = 0.04 and c = 4. (i) Find the probability that an incoming lot will be accepted. (2 pts) NOTE: You can use Minitab or the Binomial Table. ANSWER: (ii) Find the average outgoing quality (AOQ). (2 pts) ANSWER: (iii) Find the average total inspection (ATI) per lot. (2 pts) ANSWER: & Bonus: Interpret AOQ and ATI in the context of the problem. (2 pts)

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