Synchronization of the Value Chain Is a Lean Approach to Increasing

question 49

True/False

Synchronization of the value chain is a lean approach to increasing speed and response.

Calculate probabilities using the normal approximation to binomial distribution.

Determine when to apply continuity correction in normal approximation.

Understand the concept of continuous probability distribution and that its total area under the curve equals one.

Use normal distribution concepts to approximate binomial distributions in real-world scenarios.