Question: I need help 1 Oneida's Custom Manufacturing in Nevada uses a component supplied by a company in China. The component is expensive to carry in

I need help 1

I need help 1 Oneida's Custom Manufacturing in Nevada uses a component

Oneida's Custom Manufacturing in Nevada uses a component supplied by a company in China. The component is expensive to carry in inventory and is not always in stock when requested. The distribution is shown below, where the random variable "x" is the number of days between the placement of the order and the receipt of the item. X (Days) P(x) 2 .10 3 .45 4 .35 5 .075 6 .025 Based on the probability distribution, what is the average lead time (expected value) in days from ordering an item to the component receipt? O 2.381 1.293 3.9281 3.475

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!