Using historical records, a manufacturing firm has developed the following probability distribution for the number of...

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Using historical records, a manufacturing firm has developed the following probability distribution for the number of days re

business accounting

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Answer 1

Answer #1

1.Average lead time = 5.455 days

2.coffecient of variation = 18.4

Please refer workings below

lead time calculation a Average Meanor = 4X0.17 + 5x0.38 + 680.31t Expected 7x0.105 + 8x0.035 Value = 0.68 +1.9 +1.86 +0.735

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Answer 2

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