Question: Managing a new - product development process, managers often have to oversee a series of related activities directed to a desired goal or output. As
Managing a newproduct development process, managers often have to oversee a series of related activities directed to a desired goal or output. As a newproduct development manager, you are responsible for two sequential steps of the product development processnamely, the development of product specifications followed by the design of the manufacturing process. Let X be the number of weeks required to complete the development of product specifications, and let Y be the number of weeks required to complete the design of the manufacturing process. Based on experience, you estimate the following probability distribution for the first step:
For the second step, your estimated distribution is
Calculate muX and muY Round to two decimal places when necessary.
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