Reference no: EM132843528

In this question you assume that you have done all the calculatios to determine the distribution of time per unit (T), and cost per unit (C). Now you have just decided to bid for a contract to supply 50 units of the product you manufacture. So you have to estimate the distribution of production time for 50 units and the cost for the batch of 50 units. The per unit time and cost distribution ar as follows:

Time per unit, T: mean = 117 minutes; standard deviation = 46 minutes

Cost per unit, C: mean = $ 101 ; standard deviation = $ 18

In enterring your answers, please round to TWO places of decimal.

Let the total time for 50 units be denoted by T50; mean of T50 = ____ hours;

and the standard deviation of T50 = ______ hours

Let the total cost for 50 units be denoted by C50; mean of C50 =$_____?

and the standard deviation of C50 =$______?