A Distribution of Lead Times in an Inventory Problem Indicates

question 27

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, 57, and 02. The average lead time of this simulation is

• A) 1.75 days
• B) 2 days
• C) 3 days
• D) 3.5 days
• E) none of these

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Definitions:

Modal Memory Store

A concept in memory research referring to different types of memory storage, such as short-term, long-term, and sensory memory.

Anterograde Amnesia

A condition in which new memories cannot be formed following a traumatic event or injury to the brain.

Hippocampus

A major component of the brain in the temporal lobe, playing critical roles in memory formation, organization, and retrieval.

Declarative Memory

A type of long-term memory that allows people to recall facts and events.