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Determine the Sample Size Necessary for Estimating the Population Mean within a Specified Margin of Error
-The principal at Riverside High School would like to estimate the mean length of time each day that it takes all the buses to arrive and unload the students. How large a sample is needed if the principal would like to assert with 90% confidence that the sample mean is off by, at most, 7 minutes. Assume = 14 minutes.
Flexible Manufacturing
A system that allows for quick and efficient adjustments to production processes in order to accommodate changes in product design or demand.
Agile Manufacturing
A highly flexible production approach aimed at adapting quickly to market changes and customer demands while maintaining high quality and cost-effectiveness.
Mass Customization
A strategy of producing goods and services to meet individual customer needs with near mass production efficiency.
Product Dissatisfaction
The negative feeling or reaction a customer has towards a product that fails to meet their expectations or needs.
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