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An urn contains nine white balls and 11 black balls. A ball is drawn and replaced. If the ball is white your opponent pays you 25 cents. If it is black you pay him 25 cents. You have one dollar and your opponent has 50 cents. Play continues until one of you is broke. What is the probability that you lose all your money? What is the expected number of times that you play prior to the game ending? What is the answer to these two questions if both you and your opponent started with 75 cents? 2. The manager of the Hippon Drug Store is remodeling his facility and is considering three ways of organizing his branded-items business. The first way is to employ a fast clerk to wait on all customers. Assume such a clerk serves customers exponentially at an average rate of two minutes per customer. The second way is to employ two moderately fast clerks to wait on all customers. Assume each serves customers exponentially at an average rate of four minutes per customer. The third way is to use a self-service system in which each customer waits on himself. Self-service, at an average rate of six minutes, is slower than clerk service. The manager wants to calculate the average number of customers in the store, the average time each spends in the store, and the average time each spends waiting for service, under each way of organizing. Assume that customers arrive completely randomly, one at a time, at the rate of 15 per hour. Calculate the operating characteristics of interest to the manager.
Chip Gillikin's organization needs to establish kanbans to feed a newly established work cell. The subsequent data have been offered. Explain how many kanbans are needed.
A network consists of the following list. Times are given in weeks. Calculate the expected duration and variance of each activity.
Put yourself in the position of an entrepreneur who is developing a new product to introduce into the market. Briefly describe the product. Then develop the segmentation, targeting, and positioning strategy for marketing the new product.
What cycle time is required to satisfy the required output? What is the theoretical minimum number of stations?
Identify a process that your encounter on a daily basis, such as a lunch cafeteria or the journey from your home to school/work.
What types of people have more difficulty being team players? What helps promote good team player behavior? What do you think is more important for a good IT professional: strong technical skills or strong people skills?
Demand for cords of wood can be modeled by using a Normal Distribution with a Mean of 2560 units and a Standard Deviation of 60 units. What is the Probability that you will make money using this machine?
Solutions provides a computer-based document processing service
A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process
What is the approximated value of the company's before-tax MARR? Determine the GDS depreciation amounts in years on through eight.
The performance rating for a particular welder was established at ninety-2 % (92% ). Additionally, every welder is granted a twelve % (12%) allowance for personal needs, fatigue also routine delays.Elucidate what is observed time (OT) for this job.
What kind of data is appropriate for smoothing methods (like mov ave/wtd mov ave/expo smoothing)? What kind of data is appropriate for trend projection? For regression? Give an example of the type of data for one of the three methods.
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