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A toll tunnel has decided to experiment with the use of a debit card for the collections of tolls. Initially, only one lane will be used cars are estimated to arrive at this experimental lane at the rate of 750 per hour, following Poisson distribution. It will take exactly (constant) four seconds to verify the debit card.
a. what average number of cars can be expected in line?
b. how many cars can be expected in the system?
c. what is the average amount of time a car can expect to spend in line?
d. on average, how much time will a car spend in the system, including waiting time?
Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are valuable tools to use in this evaluation.
Explain whether you agree or disagree. Describe how a different perspective from someone could cause issues and what could be done to create shared meaning.
A toy company has decided to manufacture a new toy tractor, the production of which is made up of six steps. For the 5 workstation configuration in which Station 1 is assigned task A.
A product whose work content time = 47.5 min is to be assembled on a manual production line. The required production rate is 30 units per hour. From previous experience, it is estimated that the manning level will be 1.25, proportion uptime = 0.95, a..
Assessing the impact of different management styles on the motivation and productivity of employees best illustrates the professional concerns of what?
Because of one bakery's excellent location and product, demand has increased 25% in the last year. On many occasions, customers cannot buy their favourite breads because there are not enough produced. Because of the location, no more ovens can be add..
Your company invests $50,000 today at an annual interest rate of 4.00%. The interest is compounded quarterly. Calculate the first quarter interest, the total annual interest and the total account balance at the end of one year.
You need to hire a new medical technician for the emergency room of your hospital. The technician must have a thorough knowledge of medical terms and procedures, and will be interviewing patients to determine the nature and extent of their problems b..
1.Explain the advantages and disadvantages of the supply chain used in the Japanese auto industry before the March 11 earthquake and tsunami.2.Evaluate whether or not Toyota's plan for a "foolproof" supply chain is consistent with the Lean production..
"Six months after you hired an assistant accountant who has been working competently and responsibly, you learn that she departed from the truth on her employment application: she claimed she had a college degree when she didn’t. You’re her manager; ..
Video Tech is considering marketing one of two new video games for the coming season: Battle Pacific or Space Pirates. Battle Pacific is a unique game and appears to have no competition. What is the optimal decision? What is its expected value?
A strategic business analysis and action plan for a company. The individual project will be similar in format to the group project and will include a written narrative of approximately. 2,000 words.
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