What does producer's risk mean?

Definitions for producer's risk
pro·ducer's risk

This dictionary definitions page includes all the possible meanings, example usage and translations of the word producer's risk.

Wikipedia

  1. Producer's risk

    Producer's risk is the probability that a good product will be rejected as a bad product by the consumer. When the acceptance reliability level (ARL) is pi0, we can define the producer's risk as: P(Test is Failed|pi0) It calculates the probability of loss from (1) rejecting a batch which, in fact, should have been accepted, or (2) accepting a batch that, in fact, will be rejected by the customer.

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Numerology

  1. Chaldean Numerology

    The numerical value of producer's risk in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of producer's risk in Pythagorean Numerology is: 5


Translations for producer's risk

From our Multilingual Translation Dictionary

  • निर्माता का जोखिमHindi

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"producer's risk." Definitions.net. STANDS4 LLC, 2024. Web. 23 Dec. 2024. <https://www.definitions.net/definition/producer%27s+risk>.

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