The total service time of a multi step manufacturing operation has a gamma distribution with mean 18 minutes and standard deviation 6 (a) Determine the parameters and r of the distribution (b) Assume that each step has the same distribution for service time What distribution for each step and how m...

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The total service time of a multi step manufacturing operation has a gamma distribution with mean 18

Question:

The total service time of a multi step manufacturing operation has a gamma distribution with mean 18 minutes and standard deviation 6.

(a) Determine the parameters λ and r of the distribution.

(b) Assume that each step has the same distribution for service time. What distribution for each step and how many steps produce this gamma distribution of total service time?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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