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An inspector samples four PC's from a steady stream of computers that is known to be 12% nonconforming. What is the probability of selecting two nonconforming units in the sample.
Routing Patterns
The planned paths or sequences followed by people or goods as they move from one location to another.
ELMS System
An acronym that could refer to various systems, commonly denoting an Electronic Learning Management System.
80/20 Principle
Also known as the Pareto Principle, it suggests that roughly 80% of effects come from 20% of causes, commonly applied in business and economics.
FAB Closing
A sales technique that emphasizes the Features, Advantages, and Benefits of a product or service during the closing phase of a sales pitch.
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