Acceptance sampling is a statistical quality control technique where a random sample is taken from a lot to determine whether the lot should be accepted or rejected. Key terms include acceptable quality level (AQL), lot tolerance percent defective (LTPD), sampling plans, producers risk, consumers risk, attributes and variables. Advantages are that it is less expensive and damaging than 100% inspection, while disadvantages include the risks of rejecting good lots or accepting bad lots. An exercise demonstrates how to determine a sampling plan using AQL, LTPD and reference tables.