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Jennings Assembly in Hartford, Connecticut, uses a component supplied by a company in
Brazil. The component is expensive to carry in inventory and consequently is not always
available in stock when requested. Furthermore, shipping schedules are such that the lead
time for transportation of the component is not a constant. Using historical records, the
manufacturing firm has developed probability distribution for the product's lead time. The
distribution is shown in the file below, where the random variable is the nu mber of days
between the placement ofthe replenishment order and the receipt ofthe item. Probability--Jenningsxlsx
Minimize File Preview distribution for lead
time for a certain
product where the 1’ Calculate the standard deviation of 1:. Round your answers to 2 decimal places.

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