Consumers Risk / Consumer's Risk

Consumers Risk - Concluding something is good when it is actually bad (TYPE II Error)

See also Alpha Risk, Beta Risk, Error (Type I), Error (Type II), Null Hypothesis, Alternative Hypothesis and Hypothesis Testing.

[Category=Data Quality ]

Source: iSixSigma, 08 January 2011 08:10:21, https:web.archive.org/web/20111109014246/http:www.isixsigma.com/index.php?option=com_glossary  

---

These advertisers support this free service

---

Consumer's Risk - Pertains to sampling and the potential risk that bad products will be accepted and shipped to the consumer.

[Category=Quality ]

Source: American Society for Quality, 13 September 2010 08:54:14, http://www.asq.org/glossary/