Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

A market in Boston orders oranges from Florida. The oranges are shipped to Boston from Florida by either railroad, truck, or airplane; an order can take 1,2,3, or 4 days to arrive in Boston once it is placed. The following probabilities have been assigned to the number of days it takes to receive order once it is placed (referred to as lead time):

Lead time

Probability

1

0.20

2

0.50

3

0.20

4

0.10

Total

1

Evaluate the expected number of days it takes to receive an order and the standard deviation.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920850

Have any Question? 


Related Questions in Statistics and Probability

Suppose you have a stock portfolio where 28 of the stocks

Suppose you have a stock portfolio where 28% of the stocks earned a return of 12.2%, 12% earned a return of 15.1%, 24% of the stocks earned a return of 0%, 18% of the stocks earned a return of -1.5%, and 18% of the firms ...

In this course you will apply statistical analysis tools

In this course, you will apply statistical analysis tools and biomedical research methodologies to health information management processes and cases. Descriptive statistics, nonparametric methods, and inferential concept ...

Construct an aumann model of incomplete information for

Construct an Aumann model of incomplete information for each of the following situations, and specify a state of the world in that model which corresponds to the situation (there are several possible ways of including hi ...

In your words demonstrate your understanding on the

In your words, demonstrate your understanding on the following concepts: a) Survival analysis b) Life table c) Kaplan-Meier curve d) Logrank test e) Negative exponential survival distribution f) Cox proportional hazards ...

The percentage of people with advanced degrees is 165 on

The percentage of people with advanced degrees is 16.5% on average if 1000 people are randomly selected what is the probability that the percentage of these poeple with advanced degrees is between 17% and 18.5%?

The university is attempting to set its staffing plan for

The University is attempting to set its staffing plan for the next several year, and it wants to determine if the distribution of students among various graduate majors has changed from the historical averages which were ...

Question discuss the specific innovations of jackson

Question: Discuss the specific innovations of Jackson Pollock, as well as his cultural influences and artists he influenced. Use at least two examples of specific artworks. This question relates to Chapter 28 and 29 in A ...

A researcher collected sample data for women ages to the

A researcher collected sample data for women ages to. The sample had a mean serum cholesterol level (measured in mg/100 mL) of , with a standard deviation of. Assuming that serum cholesterol levels for women ages to are ...

A recent report suggested that older people think more

A recent report suggested that older people think more slowly than younger people because they have more information stored in their brains. Because WeStudyEverything wasn't sure regarding the source of the study, they d ...

A group of statistics students decided to conduct a survey

A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spend studying per week. Based on a simple random sample, they surveyed 45 students. The s ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro