A Distribution of Lead Times in an Inventory Problem Indicates

question 36

Multiple Choice

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, 47, 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

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Definitions:

Fear-based Messaging

A strategy that uses scare tactics or the threat of negative consequences to influence behavior or attitudes.

Moderate-fear Message

Communication that utilizes a moderate level of fear to persuade or motivate behavior change without overwhelming the audience.

Low-fear Message

A type of persuasive message that induces a minimal level of fear, intended to influence attitudes or behaviors without causing excessive anxiety.

High-fear Message

A communication tactic employing frightening information to motivate individuals to change behaviors or attitudes.