As a Manufacturer Moves from a Batch to at JIT

question 41

True/False

As a manufacturer moves from a batch to at JIT continuous flow manufacturing environment,more emphasis may be placed on an MRP II system.

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Definitions:

Probability Estimate

A numerical measure indicating the likelihood of a specific event happening.

Standard Deviation

An assessment of the range of variation or the breadth of dispersion of data points.

Homeowners

Individuals or entities who own and usually reside in a dwelling such as a house or apartment.

Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.