Definition:Consumer's Risk
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Definition
Consumer's risk is the probability that a consumer accepts a batch with a number of defectives which is unacceptable to that consumer.
The consumer's risk can be denoted by the symbol $\beta$ (beta).
Also see
- Definition:Error of the Second Kind, to which this is equivalent
Sources
- 2008: David Nelson: The Penguin Dictionary of Mathematics (4th ed.) ... (previous) ... (next): acceptance sampling
- 2008: David Nelson: The Penguin Dictionary of Mathematics (4th ed.) ... (previous) ... (next): consumer's risk