Pharma Dev develops and markets new technological products to be used in health care. The development of a new product operates as follows. When a new technology meets the requisite market potential, a new patent is filed. Once the patent is filed, the new technology is developed at one of its three independent development centers, and is then launched to the market. Each product is developed at only one center, and each center can only develop a single patented technology at a time. On average, Pharma Dev files a new patent every 5 months (with a standard deviation of 5 months). The average development process lasts 12 months (with a standard deviation of 24 months).

On average, how long does it take for a technology from filing a patent to start the development process? Question 41 options: Less than or equal to 20 months. Greater than 20 and less than or equal to 30 months. Greater than 30 and less than or equal to 40 months. Greater than 40 months.