Demands to be independently distributed


Demand for a certain product is a random variable having a mean of 25 units per day and a variance of 16. We define the lead time to be the time elapses between the placement of an order and its arrival. The lead time for the product is fixed at 5 days. Find the expected value and the variance of lead time demand, assuming demands to be independently distributed.

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Basic Statistics: Demands to be independently distributed
Reference No:- TGS0834783

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