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A tax accountant in a very small town has a walk-up tax preparation business in a small office. During “busy season”, she has determined that her customers arrive according to a Poisson distribution with an average arrival rate of 6 per day (it is a very small town). Each customer takes a number so that they may be served in the order of arrival. She is able to serve her customers one at a time, at an average rate of 8 per day (exponentially distributed). Her customers are very patient and will always wait as long as necessary to be served (the town is SO small, there’s nothing else to do). (15pts) What is the average time from arrival to exit? What is the average wait time for her customers? What is the average number of customers she has in her waiting room plus her office? What is the average number of customers waiting. How busy is our tax accountant during an average day? She has a small waiting room with 4 chairs. What is the probability that all chairs will be filled at the same time? If she works an 4 hour day, how many hours a day is she busy?
Briefly outline the purpose, scope, provisions and limitations of OSHA's Voluntary Self-Audit Policy. What are the risks to your company of this approach to achieving a safe work environment
Elucidate what are the major internal variables to consider in the scanning process. Discuss the levels of internal monitoring which should be conducted. Describe how well you think management conduct environmental assessment.
What do you think are the most important motivational needs for the majority of people? Do you think your needs differ from those of most people? Explain.
What is the difference between express and implied warranties? When you buy a used car, how would you prove the existence of express warranties? Implied?
Protocols are important in medicine. We use them anytime that a particularly important process needs to be completed in a sequential way for the benefit of our patients.
Which generic Strategy would you recommend for Hibbett's Sports?
Describe the organizational structure of your selected organization. Compare and contrast that structure with two different organizational structures.
Handi Inc., a cell phone manufacturer, procures a standard display from LCD Inc. via an options type of supply contract . At the start of q uarter 1 (Q1) Handi pays LCD $20 per option.
For your new product, suppose that Marketing predicts that sales are expected to be 100,000 units in year 1, increasing by 20,000 each subsequent year to 160,000 in year 5. You have two different manufacturing equipment options available: A manufactu..
According to "The Great Rebate Turnaround Case". why do you suppose that Best Buy, rather than one of Best Buy's big suppliers such as Sony or Panasonic, is considering eliminating rebates? Subject: Logistics
Compare and contrast the requirements for the formation and termination of an S corporation and a partnership. What is the effect on both the business entity and its owners?
Determine the types of inventories these companies currently manage and describe their essential inventory characteristics. Analyze how each of their goods and service design concepts are integrated.
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