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

The wall street journal ceo compensation study analyzed ceo

The Wall Street Journal CEO Compensation Study analyzed CEO pay from many U.S. companies with fiscal year 2008 revenue of at least $5 billion that filed their proxy statements between October 2008 and March 2009. The dat ...

In a normal distribution what percentage of scores fall

In a normal distribution, what percentage of scores fall between -1 and +1 standard deviations from the mean? Between the mean and -2 standard deviations ? Between the mean and +3 standard deviations?

In minitab open the data set pulsemtw you may assume that

In Minitab, open the data set PULSE.mtw. You may assume that these 92 students are a random sample of all undergraduates. (a) Obtain a 95% confidence interval for µ F  - µ M , the extent to which average pulse rates of f ...

The weights of the fish in a certain lake are normally

The weights of the fish in a certain lake are normally distributed with a mean of 13 lb and a standard deviation of 12. If 16 fish are randomly selected, what is the probability that the mean weight will be between 10.6 ...

A consumer advocacy group tested the on-air lifetimes a

A consumer advocacy group tested the "on-air" lifetimes a random sample of 241 cell phone batteries. The mean lifetime was 3.2 hours with a standard deviation of 0.1 hours. The lifetimes are approximately bell-shaped. Es ...

A national survey of 40000 adults in the us in 1992 found

A national survey of 40,000 adults in the US in 1992 found that 26% of adults were current smokers. A similar survey of 37,000 adults in the US in 1966 found that 43% of adults were current smokers. Construct a 95% confi ...

Use the given degree of confidence and sample data to

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p. Round to three decimal places. n=74, x=12; 95% confidence.

Case study diets and weight lossnbspa study innbspthe

CASE STUDY Diets and Weight Loss  A study in The Journal of the American Medical Association describes the effects of diets on weight control. In the study, 311 women were randomly divided into four groups. The first gro ...

1 your eccentric aunt has left you 50000 in alcan shares

1) Your eccentric aunt has left you $50,000 in Alcan shares plus $100,000 cash. Unfortunately, her will requires that the Alcan stock not be sold for one year and that $60,000 cash must entirely be invested in T-bills wi ...

The manager of the cheesecake factory in boston reports

The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 120, 130, 100, 205, 185, and 220. She believes that the number of customers served on wee ...

  • 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