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 andom variable x is the number of days. Complete parts a through c below. What is the average lead time for the component? The average lead time is 4.395 days. Type an integer or a decimal. Do not round.) What is the coefficient of variation for delivery lead time? The coefficient of variation is%. Round to two decimal places as needed. Do not round.) X 3 4 5 6 7 P(x) 0.15 0.46 0.27 0.085 0.035

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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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 days. Complete parts a through c below.
a. What is the average lead time for the component?
The average lead time is 4.395 days.
(Type an integer or a decimal. Do not round.)
b. What is the coefficient of variation for delivery lead time?
The coefficient of variation is %.
(Round to two decimal places as needed. Do not round.)
X
3
4
5
6
7
P(x)
0.15
0.46
0.27
0.085
0.035
Transcribed Image Text: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 days. Complete parts a through c below. a. What is the average lead time for the component? The average lead time is 4.395 days. (Type an integer or a decimal. Do not round.) b. What is the coefficient of variation for delivery lead time? The coefficient of variation is %. (Round to two decimal places as needed. Do not round.) X 3 4 5 6 7 P(x) 0.15 0.46 0.27 0.085 0.035
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