In single sampling, a random sample of n items is selected from a lot of size N. If the number d of nonconforming (defective) items found in the sample is less than or equal to an acceptance number c, ...
Originating in the 1920s as a sampling scheme for agricultural regulatory inspectors, the square root (Sqrt) of the lot size (N) + 1 was semiformalized in an unpublished report by the Association of ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...