Probability is a key factor in acceptance sampling, but it is not the only factor. If a company makes a million products and tests 10 units with one default, an assumption would be made on probability that 100,000 of the 1,000,000 are defective. However, this could be a grossly inaccurate representation. More reliable conclusions can be made by increasing the batch size higher than 10, and increasing the sample size by doing more than just one test and averaging the results. When done correctly, acceptance sampling is a very effective tool in quality control.
Investment dictionary. Academic. 2012.
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acceptance sampling — ➔ sampling * * * acceptance sampling UK US noun [U] ► PRODUCTION a way of testing the quality of a group of things by examining a sample (= a small number of them) in order to decide whether to accept the whole group: »Acceptance sampling is used … Financial and business terms
acceptance sampling — A statistical process control technique that uses inspection of a sample from a batch to decide whether to accept or reject the whole batch. In deciding the level of sampling, a balance has to be struck between achieving the desired quality… … Big dictionary of business and management
acceptance sampling — noun a statistical procedure for accepting or rejecting a batch of merchandise or documents; involves determining the maximum number of defects discovered in a sample before the entire batch is rejected • Hypernyms: ↑quality control, ↑sample… … Useful english dictionary
acceptance sampling — Ops a quality control decision making technique used in a manufacturing environment, in which acceptance or rejection of a batch of parts is decided by testing a sample of the batch. The sample is checked against established standards and, if it… … The ultimate business dictionary
acceptance sampling — /ək septəns ˌsɑ:mplɪŋ/ noun testing a small sample of a batch to see if the whole batch is good enough to be accepted … Marketing dictionary in english
acceptance sampling — /ək septəns ˌsɑ:mplɪŋ/ noun the process of testing a small sample of a batch to see if the whole batch is good enough to be accepted … Dictionary of banking and finance
sampling — samp‧ling [ˈsɑːmplɪŋ ǁ ˈsæm ] noun [countable, uncountable] STATISTICS the activity of checking a small number of products from a larger number, asking questions to people from a larger number etc, so as to understand better the group as a whole … Financial and business terms
Sampling (statistics) — Sampling is that part of statistical practice concerned with the selection of individual observations intended to yield some knowledge about a population of concern, especially for the purposes of statistical inference. Each observation measures… … Wikipedia
Acceptance testing — of an aircraft catapult In engineering and its various … Wikipedia
sampling — 1. Mktg a sales promotion technique in which customers and prospects are offered a free sample of a product 2. Ops the selection of a small proportion of a set of items being studied, from which valid inferences about the whole set or population… … The ultimate business dictionary