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Calls arrive at Lynn Fish's hotel switchboard at the rate of 2 per minute. The average time to handle each is 20 seconds. There is only one operator at the current time. The Poisson and exponential distributions appear to be relevant in this situation.
a. What is the probability that the operator is busy?
b. What is the average time that a customer must wait before reaching the operator?
c. What are the average numbers of calls waiting to be answered?
a manufacturing company produces and sells 20000 units of a single product. total production costs are 14unit. if the
What are the characteristics of the new Global Country/Environment that will best suit the company for success. What barriers exist in the new Global Country/Environment. You cannot state there are no barriers.
Kilgore’s Deli is a small delicatessen located near a major university. Kilgore’s does a large walk-in carry-out lunch business. The deli offers two luncheon chili specials, Wimpy and Dial 911. What is the shadow price for special sauce’? Interpret t..
What can a small business owner do to obtain start-up capital if the owner does not have sufficient personal resources (including friends and relatives) and has difficulty borrowing from a traditional bank.
Explain Porter's Five Forces Model and how Bill can use it to analyze his current business and his expansion. Be sure to address each of the 5 forces and explain to Bill what they mean for his business.
The new finance head of a division that reports to you has just sent you his first proposed budget at the company. Walk through some of the things you are going to review and ask him questions about, especially since this is the first time you are se..
What is the probability that this individual has the disease if, in the population as a whole, it is estimated that 1 in 10 people have the disease and what is the probability that this individual has the disease if it is estimated that 1 in 1,000..
The authors provide a summary of how "purchasing" has evolved into different forms. Please describe a similarity or a difference between a modern supply chain and sustainability orientations versus traditional purchasing and earlier distribution chan..
Describe a time when you witnessed or experienced cultural incompetence in the delivery of health care. Knowing what you now know, discuss what you think could have been done to avoid that incident?
Effective managers give employees timely and task-specific feedback about what they are doing right, but do not give feedback about they are doing wrong. Cognitive shortcuts or biases that are used to simplify the decision-making process are known as..
Consider a project to supply 117 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $2,070,000 five years ago; if the land were sold today, it would net you $2,270,0..
According to the theory of constraints, which of the following financial measurements can be used to measure the firm's ability to make money
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