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A bag contains 5 coins, of which 4 are fair; the remaining coin has a head on both sides. If a coin is selected at random from the bag and tossed three times, construct a probability tree to determine the probability that heads will occur at least twice.
Logistics Management
The part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information.
Raw Materials
The basic, unprocessed inputs used in manufacturing and production processes, such as metals, wood, or oil.
Exclusive Dealing
An arrangement where a retailer or distributor is restricted by a supplier from selling products of a competitor.
Brand Loyalty
The tendency of consumers to continue buying the same brand's products or services over time, often due to satisfaction or perceived value.
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