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The following probability model describes the number of snowstorms for Washington, D.C. for a given year: The probability of 7 or more snowstorms in a year is 0.
a. What is the probability of more than 2 but less than 5 snowstorms?
b. Given this a particularly cold year (in which 2 snowstorms have already been observed), what is the conditional probability that 4 or more snowstorms will be observed?
c. If at the beginning of winter there is a snowfall, what is the probability of at least one more snowstorm before winter is over?
Reengineering
The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed
Less Bureaucracy
An approach aiming for streamlined operations, with fewer levels of hierarchy and simpler procedures.
Workflow Analysis
The study of business processes, identifying tasks and their sequences, to improve efficiency and effectiveness.
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