Using historical records, a manufacturing firm has developed the following probability distribution for the number of days required to get components from its suppliers. The distribution is shown here, where the random variable x is the number of days. Complete parts a through c below. a. What is the average lead time for the component? The average lead time is days. (Type an integer or a decimal. Do not round.) b. What is the coefficient of variation for delivery lead time? The coefficient of variation is %. (Round to two decimal places as needed. Do not round.)
Other questions asked by students
Chen Company established a $1,125 petty cash fund on January 1, Year 1. Required a. Is...
Calculate the average thickness of copper on the surface of a penny (produced after 1983) in...
The population P of fish in a lake can be modelled using the function P...
Compute the contribution margin per unit and the total hours required to satisfy demand in...
Determine the FW of the following engineering project when the MARR is 15% per year....
Entries for notes payable Bull City Industries is considering issuing a $100,000, 7% note to...
Vertical analysis compares a line item on the balance sheet, in a current period, to...