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If the random variable X is exponentially distributed with parameter λ = 3,then the probability P(X ≥ 2) equals:
Equipment Shortages
Situations wherein the demand for specific equipment exceeds the available supply, often leading to operational delays and increased costs.
Intermodal Shipments
The transportation of goods using more than one mode of transport, such as trucks, trains, and ships, to improve efficiency and reduce costs.
Freight Documentation
The collection of documents required for the transportation of goods over distances, encompassing details like shipping orders, invoices, and bills of lading.
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