Examlex
The Central Limit Theorem describes the distribution of the sample mean except for populations that are normal.
Flexible Manufacturing
The direction of machinery by computers to adapt to different versions of similar operations.
Labor-Intensive
Describes industries or businesses that require a large amount of labor to produce goods or provide services, often resulting in higher labor costs.
Capital-Intensive
Refers to businesses or industries that require significant amounts of capital investment in machinery, equipment, or large-scale infrastructure to produce goods or services.
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