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Benny the Barber owns a one-chair shop. At barber college, they told Benny that his customers would exhibit a Poisson arrival distribution and that he would provide an exponential service distribution. Benny the Barber is considering the addition of a second chair. Customers would be selected for a haircut on a FCFS basis from those waiting. Benny has assumed that both barbers would take an average of 6 minutes to give a haircut, and that business would remain unchanged with customers arriving at a rate of ten per hour. Use Exhibit_7.12. a. What is the average number of customers waiting. (Round your answer to 4 decimal places.) Average number of customers b. What is the average time a customer waits in line? (Round your answer to 2 decimal places.) Average waiting time minutes c. What is the average time a customer is in the shop. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average time minutes
There are currently no limited liability companies listed on national exchanges. As indicated in class, this is due in some part to the lack of a definitive answer to the question of whether membership in an LLC is a security. Should membership in an..
What kind of economic factors affect the purchasing power of potential customers and the firm's cost of capital such as economic growth, interest rates, exchange rates, etc.
What is transformational leadership? What are the different dimensions of transformational leadership?
Jim is a CFO of a mid-sized construction company. One of his key tasks is to ensure that the company has sufficient cash to pay its daily and hourly workers who are hired whenever need arises. The company operates all 365 days a year and Jim estimate..
Competitive intelligence is an important approach to identifying current and future competitors and generally identifies how a firm should respond.
What is your evaluation of Starbucks social responsibility strategy? Is it sincere or just something the company does and talks about to create a good public image?
Explain how you would conduct a job analysis in a company that has never had job descriptions. Include cost considerations and methodologies of data collection.
What are the manager’s roles in a career management system? Which role do you think is most difficult for the typical manager? Which role do you think would be the easiest? What are some reasons a manager might resist becoming involved in career mana..
Your community HCO is in a large coastal city located in hurricane territory. You have been assigned to a Process Improvement Team (PIT) and tasked with providing a brief review of the lessons learned from HCOs that have encountered a natural disaste..
You are a busy partner in a legal firm, and an experienced administrative assistant complains of continued headaches, drowsiness, dry throat, and occasional spills of fatigue and flu.
Contract price is $200 per uniform. Because of urgent need, BBBC is authorized to use around--clock production, 6 days per week. When each of 2 shifts works 72 hours per week, production increases to 4,000 uniforms per week but at a cost of $144 ..
Demand for the Deskpro computer at Best Buy is 1,000 units per month. Best Buy incurs a fixed order placement, transportation, and receiving cost of $2,000 each time an order is placed. Each computer costs Best Buy $500 and the retailer has a holding..
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