Question: QUESTION 4: Use Excel and derive (come up with a sampling plan) an item-by-item sequential-sampling plan for which p = 0.04, a = 0.05, p2

QUESTION 4: Use Excel and derive (come up with a sampling plan) an item-by-item sequential-sampling plan for which p1=0.04,=0.05,p2=0.12, and =0.05 (30pts) (Note: Assume that the single sampling plan for the given data is n=40,c=2. Therefore, the item-by-item sequential- sampling plan would be truncated after the inspection of a certain number of unit) SUBMISSION TYPE: EXCEL + VIDEO (no time limit). Note: Record (screen recording) yourself solving the question. Teach us as if you are an instructor. Upload your video to onedrive or youtube (or another platform as long as your link works) and provide me a link in the submission
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
