Jennings Assembly in Hartford,Connecticut,uses a Component Supplied by a Company

question 27

Multiple Choice

Jennings Assembly in Hartford,Connecticut,uses a component supplied by a company in Brazil.The component is expensive to carry in inventory and consequently is not always available in stock when requested.Furthermore,shipping schedules are such that the lead time for transportation of the component is not a constant.Using historical records,the manufacturing firm has developed the following probability distribution for the product's lead time.The distribution is shown here,where the random variable is the number of days between the placement of the replenishment order and the receipt of the item. What is the average lead time for the component?

• A)2.375
• B)2.875
• C)3.275
• D)3.375

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Definitions:

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Foreign Bank Account

A bank account located in a country outside of the account holder's country of residence, often used for savings, investments, or international business transactions.

Jurisdiction

The official power to make legal decisions and judgments, often within a specified area or over certain types of cases.

Cyber Crime

A crime that occurs online, in the virtual community of the Internet, as opposed to the physical world.