Examlex
In a management trainee program,80% of the trainees are female,while 20% are male. Ninety percent of the females attended college; 78% of the males attended college. A management trainee is selected at random. What is the probability that the person selected is a female who did NOT attend college?
Chase Demand
A production strategy where production levels are adjusted to match demand fluctuations, minimizing inventory levels but potentially increasing operational costs.
Subcontracting Cost
Expenses incurred when a company hires external suppliers or service providers to perform certain tasks or functions that are part of the production process.
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