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A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Poisson distribution at the rate of three per minute. In serving themselves, customers take about 15 seconds, exponentially distributed. A. How many customers would you expect to see on the average at the coffee urn? B. How long would you expect it to take to get a cup of coffee? C. What percentage of time is the urn being used? D. What is the probability that three or more people are in the cafeteria? E. If the cafeteria installs an automatic vendor that dispenses a cup of coffee at a constant time of 15 seconds, how does this change our answers to A and B?
X and Y are foreign exchange traders in Germany. X agrees to sell 100 million Mexican pesos to Y for delivery within 1 week at an agreed price in German marks.
"Testing for Honesty" Please respond to the following: From the case study, determine what ideals, obligations, and effects must be considered in using psychological tests as preemployment screens. Decide which is the most important consideration.
"This organization is running like clockwork!" This statement by a company leader is likely to result in "no change" because (Points : 7) the leader is blinded by the light.
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 127 + 1.9t, and it was developed using data from periods 1 thr..
What are vision and mission statements? What is their value for the strategic management process? Select an example of strong Vision/Mission (cite your source).
What are the risks of bypassing the steps in decision-making model provided? Under what circumstances would it be appropriate or inappropriate to use a decision-making model?
What is meant by the term criterion as it is used in personnel selection? Give some examples of criteria used jobs with which you are familiar.
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
a) Calculate the EOQ for the workbooks. b) What are the annual holding costs for the workbooks? c) What are the annual ordering costs?
Discuss the importance of the calculation and interpretation of ratios, to complete an effective financial ratio analysis?
South Carolina Furniture Inc. produces all type of office furniture. The Executive Secretary is a chair that has been designed using ergonomics to provide comfort during long work hours.
Your best friend owns a small children's clothing store located in the downtown area of a community of 50,000 citizens. Business has been slow the past year due the construction of several new strip malls and a new Wal-Mart store.
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