Construct the operating characteristic curve for the final product sampling by the consumer. Show how this is related to the supplier operating characteristic curve. Also, construct a plot that shows the expected (gain or loss) incurred by the consumer as a function of the proportion defective from the supplier.
Statistics graduate level Paper, Order, or Assignment Requirements UNT College of Engineering Department of Engineering Technology Lab Created by Dr. Anaya OPERATING CHARACTERISTICS CURVES COST ANALYSIS PRODUCER SCENARIO 1) Assume you are the producer. You send a truckload of 10,000 cans to company X with proportion defective p=0.05. Each can sold yields a profit of […]