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Suppose that at any period of time a photo- copier machine can either be working properly, in need of maintenance, in need of minor repair, or in need of major repair. If the photocopier is working, the chances that it will require maintenance, minor repair, or major repair in the next time period are respectively 0:15, 0:05, 0:03. Assume that the probability that the maintenance is successfully done in the next period is 1, the probability that the minor repair is successfully done in the next period is 0:8, and the probability that the major repair is successfully done in the next period is 0:5. Construct a Markov Chain and nd its steady-state probabilities that would allow you to answer the following question: If the owner of the photocopier has to pay $10 for every period that it is not working properly, what is the expected cost per period of the photocopier?
Supply chain total for each stock level. Fill rates for each stock level. Illustrate what would you choose also why (describe in detail).
illustrate at what center of gravity coordinates should the new store be located. Census tracts 103 and 105 are each projected to grow by 20% in the next year. Explain how will this influence the new store's coordinates.
Finally, they looked this value up in the Normal Table (or computed it utilizing Excel). The number returned was: 0.0489. Specified this returned value, Illustrate what is the percent chance that the project will take longer than the assigned due ..
Pretentious a 5-day 40-hour work week. Assume 100% staffing at the outset, 2% overtime maximum, with varied full-time also part-time employees.
Construct a c-chart for test errors, and set the control limits to contain 99.73% of the random variation in test scores
Based on this information and wanting to use the low cost strategy, what is the optimal order quantity that Weedandfeed should select for acquiring its Pest-be-gone next year? What is the lowest total cost for each of the two purchase options?
The National State Bank is trying to make sure that they have enough tellers to handle the Friday afternoon rush of workers wanting to cash their paychecks.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced.
Because of the aggressive actions of his brokerage firm, a stockbroker feels pressure to recommend to a client a stock he does not consider a good investment.
what is the minimum size of the annual annuity check the pension plan will be able to send him each year (assuming that the value of the pension fundas investments remains stable)
Other Americans suggest that illegal immigrants represent a growth engine in an economy with relatively little growth elsewhere.
A machine cell uses 242 pounds of a certain material each day. Material is transported in vats that hold 12 pounds each. Cycle time for the vats is about two hours.
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