Inspection Sampling: Sample Size, Accept or Reject, and Faulty Units
This lesson is part of the course
In this lesson
You look up the sample size and accept number for four lots in a fictional sampling table, decide accept or reject, estimate the faulty units in an accepted lot and what they cost you.
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Lessons in this course
- Comparing Supplier Quotes: Cost per Unit at Your Quantity Locked
- MOQ & Price Breaks: Tiered Prices and Cash Tied Up Locked
- Samples & Development Rounds: Cost and Approval Date Locked
- From Deposit to Shelf: Production Timeline and Reorder Date Locked
- Inspection Sampling: Sample Size, Accept or Reject, and Faulty Units Locked
- Deposits & Balance Payments: The Weekly Cash Low Point Locked
- One Supplier or Two: Capacity, Split Orders and Delay Risk Locked
- The First-Order Decision: Unit Cost Build-Up and Budget Locked