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The drying rate in an industrial process is dependent on many factors and varies according to the following distribution. Minutes Relative Frequency 3 .14 4 .30 5 .27 6 .18 7 .11 Answer the following questions: (Be sure to include files containing all work to receive full credit.) A. Compute the mean drying time? B. Using these random numbers, simulate the drying time for 12 processes. .33 .09 .19 .81 .12 .88 .53 .95 .77 .61 .91 .47 C. What is the average drying time for the 12 processes you simulated?

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Financial Management, Finance

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