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During summer weekdays,boats arrive at the inlet drawbridge according to the Poisson distribution at a rate of three per hour.In a two-hour period,
a.what is the probability that no boats arrive?
b.what is the probability that two boats arrive?
c.what is the probability that eight boats arrive?
Raw Materials
The basic substances or components used in the manufacturing or production process to create goods and products.
Cycle Efficiency
A measure of the effectiveness of a production process in terms of minimizing waste and maximizing productivity within a given time frame.
Cycle Time
The total time taken from the start to the finish of a production process or operation.
Move Time
The time taken to transfer materials from one stage of production to another or from one department to another within a manufacturing process.
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