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At the bank teller's window, arrivals and service times are randomly distributed (inter-arrival times and service times have exponential distributions). There is only one teller at the window. If the arrival rate is 'x' customers per hour, and the service rate is 15 customers per hour, what is the average waiting time for a customer in the system, including waiting in line and being served, for values of x = 2, 4, 6, 8, 10, 12, 14, 14.5, and 14.8? Also, what is the average utilization of the teller for each of those arrival rates? Give the answer in a table. (It is a single channel, single server, single phase, unlimited waiting space model - the M/M/I model).
Every time an order is placed for more items X, it costs $10. Whenever item X is ordered, Illustrate what should be the order size. Illustrate what is the annual cost for ordering item X.
What is the purpose of a cash-flow budget? What does it reveal? Of what value would it be to Regina? Who would generally review this information and what might they do with it? Be sure to analyze the topic very thoroughly and cite at least two..
Ruth Lee is planning a surprise party for Thomas Lee. She has decided to serve shish kebob. The recipe that she is using calls for two pineapple chunks for each shrimp. She plans to size the kebobs so that each has three shrimp. Based on past experie..
Tech, Inc., sells its brand-name computer equipment directly to its franchised retailers. Depending on how existing franchisees do, Tech may limit the number of franchisees in a given area to reduce intra brand competition. Tech's restriction on the ..
How does the use of music in political play a role in estabishing a canadidate's brand? Does a candidate's use of a song you like (or dislike) affect your overall impresion of the candidate? Why?
You are considering opening a small doughnut shop in your hometown. Research the process required to make doughnuts. Create a bill of materials to list those ingredients required to produce doughnuts. Describe what would be the capacity of the doughn..
Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.
ed sloan wants to withdraw 25000 including principal from an investment fund at the end of each year for five years.
Explain Porter’s five basic forces of competition. Gitman says that the goal of a firm is to maximize the wealth of its owners. What can financial managers do to achieve this end? The Joint Management Improvement Program of the U.S. government’s Chie..
1.Mariah Enterprises makes a variety of consumer electronic products.
What are tying arrangements? Explain with the help of an example. Define the characteristics of a group boycott and provide an example of when it would be appropriate.
Discusses different types of body language which is the primary vehicle for nonverbal communication. You learned that nonverbal communication conveys powerful positive and negative messages
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