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The McDougal Sandwich Shop has two windows available for serving customers, who arrive at a Poisson rate of 40/hr. Service time is exponentially distributed with a mean of 2 min. Only one window is open as long as there are three or less customers in the shop. An identical server opens a second window when there are four or more customers in the shop. The manager of the shop helps the two attendants when there are six or more customers in the shop. When the manager is helping, the mean service time for each of the two servers is reduced to 1.5 min. The shop cannot legally hold more than 20 customers. Use the general birth-death process to determine 1) the expected number of customers in the shop 2) the probability that the manager will be helping serve customers and, 3) the probability that the store is full.
Discuss and explain the various categories of costs needed in forecasting expenses to achieve a desired financial planning for effective decision making.
Williams Products is evaluating whether to introduce a new product line. Estimates the variable costs of each unit produced and sold at $9 and the fixed costs per year at $55,000"
Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?
Illustrate what performance appraisal system would you develop for the secretaries if you were robbing Winchester? Defend your answer.
Models of the AS IS Process and the TO BE Process. In the textbook, on pages 63-67, several different methods of modeling business processes are illustrated.
How can you use the normal probability plot to evaluate whether a set of data is normally distributed and what is the difference between a population distribution and a sampling distribution?
Illustrate what is the NPV of the project. Illustrate what are the other computational analyses that could be used in the decision.
If Betty fails to honour this agreement; will a court find that cocktail napkin is sufficient to bind her to agreement under statute of frauds.
how does bakers performance compare to Arrow distrubuting?
Are there any additional methods not mentioned in the readings that would assist your organization's change management strategy?
Illustrate what are any 3 dimensions of quality and which one accurately describes explain how you access education.
Each coffee table produced by the Timothy Kent Designers nets firm profit of $9. Each bookcase yields a $12 profit. This post describes how to find out the objective function for maximizing total profits and provides the answer.
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