Question: PA 1 6 - 1 3 ( Static ) Larry Ellison starts a company that manufacturers... Larry Ellison starts a company that manufactures high -
PA Static Larry Ellison starts a company that manufacturers...
Larry Ellison starts a company that manufactures highend 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 days, with a standard deviation of days. Larry expects to receive one customer order per day on
average. The interarrival times of orders have a coefficient of variation of one.
What is the expected duration, in days, between when an order is received and when production begins on the bag?
Note: Carry at least decimal places in all intermediate calculations. Round your final answer to decimal places.
Answer is complete but not entirely correct.
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