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A procurement officer finds that the delivery time for a specific item is never less than 5 days. A delivery lead time of 10 days is more frequent than any other. The worst-case scenario is that it takes 30 days for the item to arrive.
1. Calculate the expected delivery time.
2. What estimate would you give for its variance?
3. What factors would you consider when deciding the amount of time to be allowed for in the project plan for delivery of the item? (name five)
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