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Use the following to answer the question(s) below.
A men's clothing store has determined the following probability distribution for the number of special size orders placed per month. The distribution is as follows:
Number Ordered Probability
0 0.10
5 0.10
10 0.12
15 0.30
20 0.38
-The standard deviation of the number of special size orders placed per month is
Containers On Marine Vessel (COMV)
Refers to the standard large containers used for shipping goods internationally by sea, placed and transported on a marine vessel.
Just-In-Time System
A supply chain management system designed to decrease waste and increase efficiency by receiving goods only as they are needed in the production process.
Same Day Air
A transportation service ensuring parcels or freight are delivered via air transport within the same day, emphasizing speed and efficiency.
Next-Day Air
A shipping service that ensures delivery of parcels or documents on the day after they are dispatched.
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