Question: Q 8/ Statistics and Probability Using historical records, a manufacturing firm has developed the following probability distribution for the number of days required to get

Q 8/ Statistics and Probability

Q 8/ Statistics and Probability Using historical records, a manufacturing firm has

Using historical records, a manufacturing firm has developed the following probability distribution for the number of days required to get components from its suppliers, The distribution is shown here, where the random variable x is the number P(x) of days Complete parts a through c below 0.18 0.37 0.31 0.115 0 025 a What is the average lead time for the component? The average lead time is | |days. (Type an integer or a decimal. Do not round.)

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