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Compute Conditional Probabilities
-A study was recently done that emphasized the problem we all face with drinking and driving. Four hundred accidents that occurred on a Saturday night were analyzed. Two items noted were the number of vehicles involved and whether alcohol played a role in the accident. The numbers are shown below. Given that an accident involved multiple vehicles, what what is the probability that it involved alcohol?
MRP
Materials Requirement Planning, a system for effectively managing manufacturing processes by calculating materials, components, and quantities needed.
Parent Component
A part or item in an assembly or sub-assembly that has one or more components underneath it in the hierarchy of materials.
Dependent Demand
The demand for a product or component that is directly reliant on the demand for another product or assembly within the same production process.
Customer Preferences
This term refers to the tastes, choices, or selections that consumers make regarding products, services, or suppliers.
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