Joe has secured contracts with three independent suppliers, all of whom agree to make one delivery...
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Joe has secured contracts with three independent suppliers, all of whom agree to make one delivery per week. Each of the three suppliers has made contracted terms with an agreed volume of delivery, though the delivery volume is different across the three suppliers, as shown in the table below. Volume per delivery Supplier 1 390 Supplier 2 336 Supplier 3 247 However, none of the suppliers has agreed to a guaranteed time (in terms of days of a week) of delivery. This places Joe in a precarious situation, as it is impossible to determine which supplier will deliver on what day. Fortunately, Joe has interviewed several other customers of these suppliers, and, for each supplier, has derived the probabilities of delivering on a certain day, which are as follows. Monday Tuesday Supplier 1 0.18 Supplier 2 0.26 Supplier 3 0.3 0.2 0.1 0.07 Wednesday Thursday 0.07 0.32 0 0.15 0.05 0.4 Friday 0.4 0.27 0.23 With the three suppliers operate and make deliveries independently, what is the probability of having all three suppliers deliver on Tuesday? Please input your answer below with 4 decimal places. Joe has secured contracts with three independent suppliers, all of whom agree to make one delivery per week. Each of the three suppliers has made contracted terms with an agreed volume of delivery, though the delivery volume is different across the three suppliers, as shown in the table below. Volume per delivery Supplier 1 390 Supplier 2 336 Supplier 3 247 However, none of the suppliers has agreed to a guaranteed time (in terms of days of a week) of delivery. This places Joe in a precarious situation, as it is impossible to determine which supplier will deliver on what day. Fortunately, Joe has interviewed several other customers of these suppliers, and, for each supplier, has derived the probabilities of delivering on a certain day, which are as follows. Monday Tuesday Supplier 1 0.18 Supplier 2 0.26 Supplier 3 0.3 0.2 0.1 0.07 Wednesday Thursday 0.07 0.32 0 0.15 0.05 0.4 Friday 0.4 0.27 0.23 With the three suppliers operate and make deliveries independently, what is the probability of having all three suppliers deliver on Tuesday? Please input your answer below with 4 decimal places.
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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