Given The Data From The Preceding Problem Sampling Inspection Is

Given the data from the preceding problem, sampling inspection is being considered as an alternative to 100% inspection. The sampling plan calls for a sample of 50 parts to be drawn at random from the batch. Based on the operating characteristic curve for this sampling plan, the probability of accepting the batch is 95% at the given defect rate of q = 0.02. Determine the batch cost for sampling inspection.

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