A distribution of lead times in an inventory problem indicates that lead time was 1 day 20 percent of the time, 2 days 30 percent of the time, 3 days 30 percent of the time, and 4 days 20 percent of the time
This distribution has been prepared for Monte Carlo analysis. The first four random numbers drawn are 06, 63, 57, and 02. What is the average lead time of this simulation?
A) 1.75 days
B) 2 days
C) 3 days
D) 3.5 days
E) 8 days
B
You might also like to view...
Good, top-notch recruiters in a company need to have all of the following qualities except one. Which one?
A. High employee engagement and job satisfaction B. Active listening skills including empathy C. Communication skills with both candidates and organizational managers D. Good personality-job fit E. Knowledge of executive-level pay structures
If you supervisor decides against a change you suggest, make the change anyway so that the supervisor can see the value of your idea
Indicate whether the statement is true or false
Sam Muller and Toby Richardson organize an LLC (limited liability company) in the state of Delaware. In the articles of organization, they specify the duration of the LLC as 25 years from the date of filing the articles of organization
Which of the following is true in this context? A) The LLC is invalid as it does not specify a date of termination. B) The LLC may be dissolved at will any time after 25 years from the date of filing the articles of organization. C) Muller and Richardson have organized a valid term LLC. D) Muller and Richardson have organized an at-will LLC.
A "with average" policy contains a ________ that provides for payment only if the loss exceeds a specified minimum amount
A. Himalaya Clause B. franchise clause C. constructive loss clause D. loss payee clause