Examlex
In a sample of 1000 students in a university, 125 of them or 12.5% are biology majors. The 12.5% is an example of statistical inference.
Dependability
The quality of being trustworthy and reliable, often used to describe products, services, or sources of information.
Total Logistics Cost
The cumulative expenses associated with planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.
Materials Handling
The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.
Order Processing
The series of actions or steps taken by a business to fulfill and ship orders to customers.
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