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Rapid Changeover from One Product to Another,rapid Response to Changing

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Multiple Choice

Rapid changeover from one product to another,rapid response to changing demands,or the ability to produce a wide range of customized services are all examples of:


Definitions:

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.

Barack Obama

Barack Obama is a political figure who served as the 44th President of the United States, from 2009 to 2017.

Voters

Individuals who are eligible and participate in the election process to choose representatives or decide on public issues.

Binomial Random Variable

is a type of random variable that has only two possible outcomes (usually termed as success and failure) in a series of experiments.

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