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ABC Manufacturing has 6 machines that perform a particular task.Breakdowns occur frequently for this machine.Past records indicate that the number of breakdowns that occur each day is described by the following probability distribution: (a)What is the expected number of breakdowns in any given day?
(b)What is the variance for this distribution?
(c)What is the probability that there will be at least 2 breakdowns in a day?
Organizational Responses
The reactions or strategies adopted by a business or institution to address internal challenges or external pressures.
Defender
In a business context, a defender is a type of strategy or stance where an organization focuses on defending its market position by improving operational efficiency and product quality, rather than seeking new markets.
Prospector
In a business context, this term refers to companies that focus on innovation, seeking out new markets and opportunities, and being among the first to bring new products or services to market.
Operational Planning
The process of developing detailed, short-term plans that guide an organization's resources towards achieving strategic objectives.
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