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Apply M/M/1 Model for capacity planning.
A company has a central document-copying service. Arrivals are assumed to follow the Poisson distribution, with a mean rate of 15 per hour (λ=15). Service times follows the exponential distribution, with average service time of 2 minutes (µ=30 copies / hr).
A) What is the mean number of customers in service?
B) How many chairs should be provided for those waiting in line if we aim to the goal that people will find a chair to wait 90% of the time? Calculate cumulative probability till it reaches 90%.
Explain how demonstrative communication involves listening and responding.
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The project requires a new plant that will cost a total of $1,500,000, which will be a depreciated straight line over the next 5 years. The new line will also require an additional net investment in inventory and receivables in the amount of $200,..
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