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-Using the data in Table M2-5, determine the optimal distance of stage 3.
Periodic Review
A systematic evaluation process conducted at regular intervals to assess performance or condition over a period.
Lead Time
The amount of time that elapses between the initiation of a process and its completion, often used in the context of product manufacturing or procurement.
Standard Deviation
An indicator of the spread or distribution of a data set, revealing how much the values deviate from the average.
Lead Time
The time taken from initiating a process until its completion, often used in the context of the time between ordering a product and its delivery.
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