Question: A market in Boston orders oranges from Florida. The oranges are shipped to Boston from Florida by either railroad, truck, or airplane; an order can
A market in Boston orders oranges from Florida. The oranges are shipped to Boston from Florida by either railroad, truck, or airplane; an order can take 1, 2, 3, or 4 days to arrive in Boston once it is placed. The following probabilities have been assigned to the number of days it takes to receive an order once it is placed (referred to as lead time):
Lead Time ...... Probability
1 ........ 0.20
2 ........ 0.50
3 ........ 0.20
4 ........ 0.10
1.00
Compute the expected number of days it takes to receive an order and the standard deviation.
Lead Time ...... Probability
1 ........ 0.20
2 ........ 0.50
3 ........ 0.20
4 ........ 0.10
1.00
Compute the expected number of days it takes to receive an order and the standard deviation.
Step by Step Solution
★★★★★
3.28 Rating (166 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Elead time 12 25 32 41 2 1... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
300-B-F-F-M (3620).docx
120 KBs Word File
