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A vending machine dispenses hot chocolate or coffee. Service time is 30 seconds per cup and is constant. Customers arrive at a mean rate of 67 per hour, and this rate is Poisson-distributed.
a. Determine the average number of customers waiting in line. (Round your answer to 2 decimal places.) Average number of customer b. Determine the average time customers spend in the system. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average time minutes c. Determine the average number of customers in the system. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average number customers.
Formulate the linear programming production-mix situation. A model similar to the one on Slide 17 of the lecture slides of Week 14 is expected.
She also Tommy decided to use some of his inheritance to pay for an addition to house. He had some shares of stock transferred into Rose's name so that she could sell them when money was due to be paid. What Stocks are transfered.
What is the difference between favorable and unfavorable variances and how do you calculate them?
A recent study of 23,681 Greeks found that those who took more naps suffered fewer heart attacks. Would you classify this as a positive or negative correlation? Why? Does this mean that if I take more naps I will suffer fewer heart attacks? Why?
Suppose you have 10 shipments to make, each of which weighs 800 pounds. The carrier offers to consolidate them into one shipment of 8,000 pounds but will charge an additional $300 (total) to do so. Should you agree to this offer?
Again, review the DFDs you developed for the Petrie’s Electronics case (or those given to you by your instructor). Write an unambiguous definition for each attribute. Then, redraw PE Figure 7-1 by placing the six (and additional) entities in this cas..
Danimark Investment Bank has decided to structure and market a new securities product to its clients. The securities are collateralized debt obligations (CDOs) directly tied to a reference portfolio of credit-card-backed securities (CCBS). Does Danim..
What is the relationship between your companies and their respective employees and investors. How do these relationships affect financial performance. Are there any issues outstanding for your companies. Provide a rationale for your assessment.
From a personal or professional experience base, provide an example of where the use of either a distribution or network model would have been good to use to obtain an optimum decision. Please explain why you have this opinion
A juarez, Mexico, manufacturer of roofing supplies has developed monthly forecasts for a family of products. Data for the 6-month period January to June are presented in the table below. There are 8 hours of production per day. Juarex has yet a sixth..
Under what conditions is the Government provision of goods best achieved through contracting out. In cases of contracting out, under what circumstances is it desirable to contract with not for profit organizations?
Why do these companies offer these incentives to attract customers? What happens to them if they don't offer the incentive? Will customer still come to their place and do business?
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