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PA 1 6 - 1 3 ( Algo ) Larry Ellison starts a company that manufactures... Larry Ellison starts a company that manufactures high -
PA Algo Larry Ellison starts a company that manufactures... Larry Ellison starts a company that manufactures 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 one. What is the expected duration, in days, between when an order is received and when production begins on the bag? Note: Carry at least decimal places in all intermediate calculations. Round your final answer to decimal places.
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