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An urn contains nine white balls and 11 black balls. A ball is drawn and replaced. If the ball is white your opponent pays you 25 cents. If it is black you pay him 25 cents. You have one dollar and your opponent has 50 cents. Play continues until one of you is broke. What is the probability that you lose all your money? What is the expected number of times that you play prior to the game ending? What is the answer to these two questions if both you and your opponent started with 75 cents? 2. The manager of the Hippon Drug Store is remodeling his facility and is considering three ways of organizing his branded-items business. The first way is to employ a fast clerk to wait on all customers. Assume such a clerk serves customers exponentially at an average rate of two minutes per customer. The second way is to employ two moderately fast clerks to wait on all customers. Assume each serves customers exponentially at an average rate of four minutes per customer. The third way is to use a self-service system in which each customer waits on himself. Self-service, at an average rate of six minutes, is slower than clerk service. The manager wants to calculate the average number of customers in the store, the average time each spends in the store, and the average time each spends waiting for service, under each way of organizing. Assume that customers arrive completely randomly, one at a time, at the rate of 15 per hour. Calculate the operating characteristics of interest to the manager.
the production facility operates strictly eight hours per day. Evaluate the change in productivity for Aztec using the new assembly process.
Define the term de facto corporation and list the 3 terms that must exist in order for it to exist. Define the term corporation by estoppel.
Do you think Bharti should enter outsourcing agreements outlined by Gupta. Illustrate what do you see as pros and cons of such agreements. Explain how do different outsourcing agreements work towards building se core competencies.
the expected benefit of selecting machine B is $80,000 with a probability of 50percent also the expected benefit of selecting machine C is $60,000 with a probability of 75percent.
What are strategic objectives? What makes an effective strategic objective? What are some examples of strategic objectives
After struggling to get the Wise Epicure started, I have taken my own advice and decided to hire people who can assist me in making my startup the strongest it can be.
Drawing on hall's high and low context, describe some of the communication issues that might well arise when an arab company officer who hasvspent his career in the middle east is sent on temporary assignment.
High Tech, Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed, the order is picked and packaged, and then shipped to the customer.
Assessment : - Operations and Information Systems, critically analyse the theory, concepts and models of operations and information management; Demonstrate an understanding of the importance of information management in international operations;
Illustrate what are the three basic ways to organize project teams? Briefly identify also describe an advantage also disadvantage for each.
Develop an optimal distribution system. This problem is similar to the problem in the test. Type the answers below in the space provided. What are the optimal schedule and the optimal cost? Where would you build the new plant(s)
Evaluate Kevin McCarthy leadership style before and during his experiment in participative management. If you were Kevin McCarthy, What would you do now
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