A Distribution of Lead Times in an Inventory Problem Indicates

question 5

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.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:

Environment

The environment or circumstances in which a person, animal, or plant exists or functions.

Identical Twins

Twins who develop from a single fertilized egg that splits in two, creating two genetically identical organisms.

Fraternal Twins

Twins who develop from separate fertilized eggs. They are genetically no closer than brothers and sisters, but they share a fetal environment.

Neuroticism

A personality trait characterized by moodiness, anxiety, and emotional instability.