Multiple Choice
A distribution of lead times in an inventory problem indicates that lead time was 1 day 20% of the time, 2 days 30% of the time, 3 days 30% of the time, and. 4 days 20% of the time. This distribution has been prepared for Monte Carlo analysis. The first four random numbers drawn are 06, 63, 57, and 02. The average lead time of this simulation is
A) 1.75 days.
B) 2 days.
C) 3 days.
D) 3.5 days.
E) 4 days.
Correct Answer:

Verified
Correct Answer:
Verified
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