Acceptance sampling plans and reliability testing constitute fundamental tools for ensuring product quality and performance. These methodologies allow manufacturers and researchers to assess a lot’s ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
The concepts of "equitable quality level" (EQL) and "error-areas" are defined in terms of the operating characteristic and the prior distribution of incoming lot quality. Asymptotic expansions are ...
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