The Tool Crib at a Large Manufacturing Company Is Responsible

question 28

Multiple Choice

The tool crib at a large manufacturing company is responsible for providing tools to the factory workers on demand. The tool crib has a variable demand. Historically, its demand has ranged from 300 to 560 small tools per day with an average of 430. Diane, the tool crib attendant, works eight hours a day, five days a week. Each order is for one small tool and each small tool takes Diane 1 minute to retrieve from the bins.
What is the average waiting time, in minutes? (Round the final answer to the first decimal place.)

• A) 1.0
• B) 3.3
• C) 4.3
• D) 5.3

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Definitions:

Ford

Ford Motor Company is a global automotive and mobility company based in the United States, known for manufacturing and selling automobiles and commercial vehicles.

K-Mart

A retail chain that was once one of America's leading discount stores, known for its blue light specials.

Tax-Free Acquisition

An acquisition in which the acquired company's shareholders do not have to pay taxes on the securities or cash they receive as part of the acquisition deal.

Business Purposes

The intention behind an action or decision in the context of conducting business.