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1. For the scenario that follows, solve by hand and then solve using the Excel functions POISSON and EXPONDIST. The time between arrival of patients to an urgent care center follows an exponential distribution with a mean of 30 minutes. a. What is the probability that exactly six patients will arrive in the next 90 minutes? b. What is the probability that at least two patients will arrive in the next 60 minutes? c. What is the probability that no patients will arrive in the next 60 minutes?
2. Provide the Excel code needed to generate a random number between [2,4). In Excel, generate 100 random numbers in this interval. Count the number between [2,3) and the number between [3,4). Comment on the results of your count.
A firm has a monopoly on a new type of gaming console. The market demand is given by P=175.3-0.003*Q and thus marginal revenue is MR=175.3-0.006*Q. The monopolist's marginal cost is MC=5.2+0.001*Q. Calculate the profit-maximizing production quantity.
Your company is interested in analyzing the behavior of interest rates and the models used to predict interest rates in the future. As an initial project in this area, you have been assigned the task of creating a presentation that will show the top ..
Illustrate what is Betty's threat value. If Arthur and Betty cooperate together in settling their disagreement, what is the net cost of resolving the dispute.
Prepare a composite (weighted) index for housing construction costs in 2008 with the following data:
The following is a quote from a news article: "If a company makes product donations to the school- computers for instance - then the image of a. company goes up as graduate students use the company's products." Does such action consistent with a comp..
Calculate the coefficient of price elasticity (midpoints approach) for Goldsboro's supply. What was Diane's economic profit.
Rigid rules have the unintended effect of _____.
An energy manager expects a need for a boiler that costs $150,000 in about seven years. How much money should the manager save each year to have enough money for the purchase in seven years time if the interest rate is (a) 10% and (b) 3%.
A company bought a machine with an initial value of $120,000 with life time of 8 years and a salvage value of $12,000, assuming ? =0.60 find the book value at year six using the declining method.
Use the Internet to learn more about what companies are doing to enhance employee creativity. Be specific when you make an entry in your search engine to avoid being deluged with a choice of Web sites far removed from your topic. In your search engin..
Explain how would you try to convince him that this is probably not the right way to look at international trade and its effects on the country.
what is the average product of capital and labor? what is the cost minimization choice of capital and labor if the firm decides to produce 144 units of output?
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