What is the difference between the acceptable quality level and the lot tolerance percent defective? a. The acceptable quality level represents the amount of defects a consumer considers acceptable, while the lot tolerance percent defective indicates the amount of defects the consumer can actually tolerate. b. The lot tolerance percent defective represents the amount of defects a consumer considers acceptable, while the acceptable quality level indicates the amount of defects the consumer can actually tolerate. c. The lot tolerance percent defective represents the cost associated with consumer’s risk, while the acceptable quality level represents the cost associated with producer’s risk. d. The acceptable quality level represents the cost associated with consumer’s risk, while the lot tolerance percent defective represents the cost associated with producer’s risk.