When an Organization Tries to Improve Cycle Times in a Manufacturing

question 173

True/False

When an organization tries to improve cycle times in a manufacturing process, it finds far more value in problem solving shaped by the diverse experiences, perspectives, and learning of a tightly knit team (shared through knowledge flows) than in a training manual (knowledge stocks) alone.

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Definitions:

Voters

Individuals who are eligible and participate in the election process to choose representatives or decide on public issues.

Binomial Random Variable

is a type of random variable that has only two possible outcomes (usually termed as success and failure) in a series of experiments.

Probabilities

The indication of how likely an event is to come to pass, given as a figure from 0 to 1.

Sample Proportion

The fraction or percentage of a sample that exhibits a particular attribute or characteristic.