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The minute stop market has one pump for gasoline, which can service 10 customers per hour (Poisson distributed). Cars arrive at the pump at a rate of 5 per hour (Poisson distributed).
Find the probability that there are exactly two cars waiting in the queue?
You work for a firm that sells a product. The probability that any random person wants to buy your product is 1%. A marketing firm claims that it will be 90% accurate in ident
Environmental law is both federal and state-controlled. Discuss the effect on state regulations if the federal government, through the Environmental Protection Agency, changes
Should we have an international code of ethics? Explain why or why not. Analyze and evaluate the various issues presented while arguing and debating the connections between bu
A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe and how many bags of standard mix of Peanut/Raisin Delight to put up. The
What one or two job analysis approaches would you recommend on the basis of relevance or providing the best quality information for creating a job description? For efficiency/
A manufacturing shop is designed to operate most efficiently at an output of 1,130 units per day. In the past month the plant produced 940 units. What was their capacity utili
Wood County Hospital consumes 1,000 boxes of bandages per week. The price of bandages is $35 per box, and the hospital operates 52 weeks per year. The cost of processing an or
Petromax Enterprises uses a continuous review inventory control system for one of Its SKUs. The following information is available on the item. The firm operates 50 weeks in a
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