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Larry Ellison starts a company that manufacturers high - end custom leather bags. He hires three employees. Each employee only begins working on a bag
Larry Ellison starts a company that manufacturers highend custom leather bags. He hires three employees. Each employee only begins working on a bag when a customer order has been received and then she makes the bag from beginning to end. The average production time of a bag is days with a standard deviation of days. Larry expects to receive one customer order per day on average. The interarrival times of orders have a coefficient of variation of
What is the expected duration, in days, between when an order is received and when production begins on the bag ie include the time waiting to start production but do not include the time in productionThe accuracy should be of two digits after the decimal places.
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