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Answer the following questions using the information below:
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 500 small tools per day with an average of 400. 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?
Appliance Manufacturer
A company engaged in the production of domestic or commercial electrical or mechanical devices.
Industrial Location Analysis
The process of evaluating the best geographical location for a company's manufacturing activities based on factors like costs, supplies, and market access.
Exchange Rates
Exchange rates are the value at which one currency can be exchanged for another, impacting international trade, investments, and economic policies.
Union Labour Prices
The costs associated with hiring labor that is part of a labor union, often including higher wages and benefits.
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