Calculate the expected$($average$)$ lead time for the component.

The average lead time is

$$

$3\mathrm{.}43$ weeks.

$($Type an integer or a decimal. Do not$$ round.$)$

Part $2$

b$.$ Calculate the variance and standard deviation for the delivery lead time.

The variance is

$$

$1\mathrm{.}03.$ The standard deviation is

$$

enter your response here weeks.

$($Round to four decimal places as$$ needed.$)$

Part $3$

c$.$ Calculate the coefficient of variation for the delivery lead time.

The coefficient of variation is

$$

enter your response here$\%.$

$($Round to two decimal places as$$ needed.$)$

Part $4$

d$.$ How might the manufacturer use this information in its decision$$ making?

A$.$

The manufacturer may be able to project the most likely range for the number of days required to get components from its suppliers.

B$.$

The manufacturer may be able to project the minimum number of weeks required to get components from its suppliers.

C$.$

The manufacturer may be able to project the maximum number of weeks required to get components from its suppliers.

D$.$

The manufacturer may be able to project the exact number of weeks required to get components from its suppliers.