Question: Old MathJax webview it is not 8.69 or 8.7 Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each
Old MathJax webview

it is not 8.69 or 8.7
Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins working on a bag when a customer order has been received and then she makes the bag from beginning to end. The average production time of a bag is 17 days, with a standard deviation of 3 days. Larry expects to receive one customer order per day on average. The interarrival times of orders have a coefficient of variation of one (Carry at least 4 decimal places in all intermediate calculations. Round your final answer to 2 decimal places.) What is the expected duration, in days, between when an order is received and when production begins on the bag? daysStep by Step Solution
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