Question: Mango Electronics inc. is a Fortune 500 company that develops and morkets innovative consumer electronics products. The development process proceeds as follows. Mango researches new

Mango Electronics inc. is a Fortune 500 company
Mango Electronics inc. is a Fortune 500 company
Mango Electronics inc. is a Fortune 500 company that develops and morkets innovative consumer electronics products. The development process proceeds as follows. Mango researches new technologies to address unmet market needs. Potents are filed for products that have the requisite market. potential. Patents are granted for a period of 15 years starting from the date of issue. After receiving a patent, the patented technologles are then developed into marketable products at 8 independent development centers. Each product is only developed at one center. Each center has all the requisite skills to bring any of the products to market (a center works on one product at a time). On average, Mango files a patent every 6 months (with a standard deviation of 6 months). The average development process lasts 20 months (with a standard deviation of 40 months). (a) What is the utilization of Mongo's development facilities? (Round your answer to two decimal places.) (b) How long does it take an average technology to go from niling o potent to being launched in the market as o commercial prociuct? (Round your answer to one decimal places.) (c) How many years of potent ife are left for an average product lounched by Mango Electronics? (Round your answer to one declmal places.)

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