Concept explainers
Define the terms sample size, random sampling, population, and lot size.
Define the terms sample size, random sampling, population, and lot size.
Explanation of Solution
Sample size: As the name suggests, it is essentially the quantity of parts in a sample that need to be inspected. To obtain information about properties of the complete population, parts that are included in the sample are studied.
Random sampling: In this, a sample is selected from a given population where the all the items have equal probability of getting selected.
Population: It is also called universe and it includes the total number of parts that are similar from which a sample is selected.
Lot size: It is the subset of the population where more than one lot can be included in the subsets. They can be reflect the population.
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