An n = 10, c = 2 acceptance sampling plan is being considered; assume that p0 = .05and p1 = .20.a. Compute both producer’s and consumer’s risk for this acceptance sampling plan.b. would the producer, the consumer, or both be unhappy with the proposed sampling plan?c. what change in the sampling plan, if any, would you recommend?

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.