Potential customers enter the system each hour

Assignment Help Accounting Basics
Reference no: EM131106043

A service facility consists of one server who can serve an average of two customers per hour (service times are exponential). An average of three customers per hour arrive at the facility (interarrival times are assumed to be exponential). The system capacity is three customers: two waiting and one being served.

a. On average, how many potential customers enter the system each hour?

b. What is the probability that the server is busy at a typical point in time?

Reference no: EM131106043

Questions Cloud

Number of cars waiting for the drive-through window : On average, 40 cars per hour are tempted to use the drive-through window at the Hot Dog King Restaurant. (We assume that interarrival times are exponentially distributed.)
Write a literature review on value at risk : Write a literature review on Value at Risk (VaR) risk measures, on Credit Value at Risk (CrVaR) and on Credit Risk models both for valuation and risk measurement
Prepare deverss journal entries : Devers Corporation issued $400,000 of 6% bonds on May 1, 2011. The bonds were dated January 1, 2011, and mature January 1, 2013, with interest payable July 1 and January 1.
Customer under the above block pricing : "Buy the first 7 units at a price of $75 per unit, and any subsequent unit at a price of $54 per unit." Compared with uniform pricing, profits per customer under the above block pricing are
Potential customers enter the system each hour : A service facility consists of one server who can serve an average of two customers per hour (service times are exponential). An average of three customers per hour arrive at the facility (interarrival times are assumed to be exponential).
Why legal personnel are saying recall is different than most : Based on the news headline, outline and explain two (2) other types of torts a business may be liable for and explain why. (Do not use the video example as one of your own suggestions.) Then, explore some of the steps a company may take to avoid l..
The average service time for each customer : On average, 100 customers arrive per hour at the Gotham City Bank. The average service time for each customer is one minute. Service times and interarrival times are exponentially distributed.
Elasticity of demand for high class : A firm uses third-degree price discrimination to sell the same cologne under two different labels. The price elasticity of demand for `High Class' is -1.25. The price elasticity of demand for `Splash-This-Stuff-On' is -2. Which one of the followin..
Focusing on maximizing revenue : A firm has just introduced a product in a market and would like to increase its market share by focusing on maximizing revenue in the current period. It has estimated that the demand for the product is Q = 1,500 - 75 P. Then to maximize revenue, t..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the advantages and disadvantages of using machine

hurst mats manufactures custom replacement floor mats for automobiles. the floor mats are made of spun nylon on highly

  Determining the statement of cash flows

1. The statement of cash flows is used for _____.

  Advantages and disadvantages of costing method

Discuss the advantages and disadvantages of each costing method including FIFO, LIFO, and Average Cost.

  Purchased goods in transit, under terms fob

The inventory on hand at the end of 2010 for the Reddall Company is valued at a cost of $87,450. The following items were not included in this inventory:

  What percentage will operating factor increases

Compute the operating leverage factor when Flow Cruiselines sells 8750 dinner cruises. If volume increases by 7% by what percentage will operating factor increases?

  What amount would be reported in april as a flexible-budget

During April, the company produced 4,500 units and incurred indirect labor costs of $10,100. What amount would be reported in April as a flexible-budget variance for indirect labor?

  Compute an estimate of the ending balance of accounts

your accounts receivable clerk mary herman to whom you pay a salary of 3495 per month has just purchased a new audi.

  Prepare the current liability section of the company

Server Planet operates a web hosting company. Examine the following items and prepare the current liability section of the company's December 31, 20X7, statement of financial position.

  Alex rodriguez inc a publishing company is preparing its

alex rodriguez inc. a publishing company is preparing its december 31 2010 financial statements and must determine the

  Each port has its own fishing fleet and all seafood caught

fremantle fisheries ff operates a fleet of fishing boats out of three ports in western australia - fremantle bunbury

  Lee company started the period with cash

Lee Company started the period with cash of $22,000, common stock of $12,000, and retained earnings of $10,000. Lee engaged in the following transactions in 2013:

  Venus crates manufactures custom crates for a variety of

venus crates manufactures custom crates for a variety of uses. the following data have been recorded for job 551 which

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd