Log in | Register | Contact Us | View Cart

 

No comments

Beta Risk

Beta risk, statistically speaking, is the risk associated with accepting a null hypothesis when it is actually false. In other words, beta risk is a false negative in which a product is said to be free of defects when it actually has one.

Beta risk is also known as a Type-II error, or consumer’s risk.

Add a Comment

Share Your Thoughts    |No comments|

Leave a Reply

You must be logged in to post a comment.

Copyright © 2009-2016, Velaction Continuous Improvement, LLC | Legal Information