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Which, if any, of the ordered pairs (1, 2), (-1, 4), (-1, -1), and (5, -3) satisfy the system of inequalities?
x - y > 0
4x2 + y2 ≥ 4
Reorder Point System
An inventory control method that determines the lowest level of inventory before a reorder must be placed to avoid stockouts.
Lead Time
The amount of time between the initiation of a process and its completion, often referring to the delivery time of materials or the production cycle.
Standard Deviation
A statistical measure that quantifies the dispersion or variability of a set of data points from their mean, used to gauge the amount of variation.
Service Level
A measure of the quality of a service provided, often defined as the percentage of customer demand that is met through immediate stock availability.
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