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Consider a queueing system with two classes of customers, type A and type B. Type A customers arrive according to a Poisson process of rate λA and customers of type B arrive according to an independent Poisson process of rate λB. The queue has a FCFS server with exponential IID service times of rate μ > λA + λB. Characterize the departure process of class A customers; explain carefully. Hint: Consider the combined arrival process and be judicious about how to select between A and B types of customers.
Text Book: Stochastic Processes: Theory for Applications By Robert G. Gallager.
Perform exploratory data analysis on CreativityPre and CreativityPost. Using SPSS, calculate the mean and standard deviation of these two variables.
What is the purpose of business research? What is the definition of a hypothesis? Compare and contrast the difference between scientific and business research.
Using seven classes of equal width organize the above data as a less-than cumulative frequency distribution. Draw to scale the less-than ogive for the above data.
Calculate the current yield on he described bond. A $1000 treasury bond with a coupon of 4.8% that has a market value of $875. The current yield is?
you are tasked with identifying and discussing what makes a crusty pizza company restaurant successful and conversely
Evaluate the area of the shaded region (z=0.99). The graph depicts the standard normal distribution of bone density scores with mean 0 and standard deviation 1.
What forecasting techniques does this company use? How does your selected organization prepare budgets? What MRP concepts do you see with regard to your organization?
SPC will allow an organization to become more efficient in their business practices (i.e. improved productivity and an increased level of performance measures). SPC will enable managers to make informed business decisions and develop comprehensive..
Calculate the 2σ (sigma) control limits. The centerline should be based on the data from these 15 days. All calculations should be to three decimal places
The following information was reported on the income statement of Cannondale in one of its early years of operation. Sales revenues, $450,000; Cost of goods sold, $200,000; Selling, general, and administrative, $150,000; Interest expense, $30,000.
Data collection takes a lot of time. Therefore, it is not worth the time and trouble. What do you think? What are some faster ways to accomplish data collection?
You are managing an equity portfolio with the S&P 500 as the performance benchmark. You are introducing a new indicator to your analysis, the basis spread between the S&P index spot and futures contract prices.
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