Question: Consider a sampling plan with N=400, n=50, p=0.05 and c=4. (i) Find the probability that an incoming lot will be accepted. NOTE: You can use

Consider a sampling plan with N=400, n=50, p=0.05 and c=4.

(i) Find the probability that an incoming lot will be accepted. 

  NOTE: You can use Minitab or the Binomial Table

______.

(ii) Find the average outgoing quality (AOQ). 

______


(iii) Find the average total inspection (ATI) per lot. 

:_________


  ♣ Bonus: Interpret AOQ and ATI in the context of the problem. 

______

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