Cars arrive at carlas muffler shop for repair work at an

Assignment Help Econometrics
Reference no: EM13378072

Cars arrive at Carla's Muffler shop for repair work at an average of 3 per hour, following an exponential distribution.
(a) What is the expected time between arrivals?
(b) What is the variance of the time between arrivals?

Reference no: EM13378072

Questions Cloud

Advanced analysis given the following diagrams q1 12 bags : advanced analysis given the following diagrams q1 12 bags. q2 7 bags. q3 19 bags. the market equilibrium price point
Would these be true or false and why -a consumer with : would these be true or false and why? -a consumer with positive marginal utility for each good will always choose a
Nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp : nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp
Advanced analysis given the following diagrams q1 12 bags : advanced analysis given the following diagrams q1 12 bags. q2 7 bags. q3 19 bags. the market equilibrium price point
Cars arrive at carlas muffler shop for repair work at an : cars arrive at carlas muffler shop for repair work at an average of 3 per hour following an exponential distribution.a
For the consumer price index cpi values shown calculate the : for the consumer price index cpi values shown calculate the rate of inflation in each year from 1930 to 1933.year 1929
This table shows the short run production function for a : this table shows the short run production function for a competitive firm whos output sells for 20 a unit.l q0 01 22 63
Abby consumes only apples in year 1 red apples cost 1 each : abby consumes only apples. in year 1 red apples cost 1 each green apples cost 2 each and abby buys only 10 red apples.
The krauses cannot negate the deal as soon as they find a : the krauses cannot negate the deal as soon as they find a higher bidder. also jud would only have to pay the agreed

Reviews

Write a Review

Econometrics Questions & Answers

  Find whether mr is positive or negative

If we have a demand curve which can be described by Pd= 72.33-1.76Q, and we have a starting price of $50, what happens to TR when the price falls to $40 Find whether MR is positive or negative

  Show indifference curves and an optimum choice

Consider a couple's decision about how many children to have. Assume that over a lifetime a couple has 200,000 hours of time to either work or raise children. The wage is $10 per hour. Raising a child takes 20,000 hours of time.

  By how much has the money supply increased

Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place: BALANCE SHE..

  Determine the optimal pricing strategy

the manager of a local sporting goods store and recently purcahsed a shipment of 60 sets of skis and ski bindings ta a total cost of $30,000 (your wholesale supplier would not let you purcahse the skis and bindings seperately, nor would it let yoo..

  Identify the slope and intercept of the budget line

Building on (b), suppose that the worker can earn overtime for each hour above 40 hours worked per week. Her base pay remains at $10/hour, but she earns one and one-half time for each hour beyond 40 hours.

  What is the effect of an increase in fixed costs

Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function P = 1760 - 12Q It finance department has estimated its total cost function as TC = 24,00..

  What is his average tax rate in percentage

The income tax system in a country requires each citizen to pay 10% of income on earnings up to $40,000, and then pay 20% on any earnings over $40,000. If an individual has an income of $92350, then what is his average tax rate, in percentage term..

  What level of excess reserves does the bank now have

The Third National Bank has reserves of $20,000 and checkable depositts of $100,000. The reserve ration is 20%. Households deposit $5,000 in currency into the bank that is added to reserves

  What are the two alternative ways of increasing output

Alternatively, he estimated that he could sell an extra 1,200 hamburgers per day by keeping the restaurant open for two more hours per day at a cost of $50 per hour. Which of these two alternative ways of increasing output should Mr. Wilson use

  Find the consumer surplus at the new price

Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously.

  Convert each cost component to its present worth

Present worth of each alternitive. Note: Do the exersise entirely on a present worth basis, not on anannualized basis. Convert each cost component to its presentworth and then sum to get the total present worth of each alternitive.

  What happens when the interest rate goes high

Assuming that the current interest rate is 3 percent, compute the value of a three year, 5 percent coupon bond with a face value of $1,000. What happens when the interest rate goes to 4 percent What happens when the interest rate goes to 2 percent

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