A Recent Analysis of the Number of Rainy Days Per

question 32

Multiple Choice

A recent analysis of the number of rainy days per month found the following outcomes and probabilities. $$\begin{array} { | c | c | } \hline \text { Namber of Raining Days } ( x ) & \mathrm { P } ( x ) \\\hline \hline 3 & .40 \\\hline 4 & .20 \\\hline 5 & .40 \\\hline\end{array}$$ The mean of this distribution is _____________.

• A)2
• B)3
• C)4
• D)5
• E)<1

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Definitions:

Multi-echelon Supply Chain

A complex supply chain consisting of multiple levels of suppliers, manufacturers, and distribution centers working in coordination to produce and deliver products.

Successful Characteristics

Encompasses the traits or attributes that contribute to the effectiveness, efficiency, and achievement of goals by individuals, organizations, or processes.

Trade Promotions

Special marketing tactics aimed at increasing sales and market presence, often implemented through discounts or bulk offers.

Cycle Inventory

Cycle inventory refers to the portion of inventory that companies hold to fulfill regular sales orders, rotating regularly with demand.