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Calls arrive at Lynn Ann Fish's hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. There is only one switchboard operator at the current time. The Poisson and negative exponential distributions appear to be relevant in this situation.
a) What is the probability that the operator is busy?
b) What is the average time that a customer must wait before reaching the operator?
c) What is the average number of calls waiting to be answered?
Kraft Bakeries introduced in 2016 a new line of frozen apple pie. For 2016, sales by quarter were as follows: 17,000 units; 22,100 units; 20,500 units; and 25,600 units. Because of aggressive marketing and promotion, the company expects that sales fo..
Which of the following is NOT a form of structural change of the supply chain?
A manufacturer uses a purchase part whose demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t.
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In 2008, there was a Supreme Court case that was brought by 28 employees who lost their jobs during cutbacks at a federal research laboratory in upstate New York. All but one of the employees who were laid off was at least 40. Do you think they won o..
There is always value created in a merger and acquisition. Franchising is one of the most rapidly growing business arrangements in the global economy. A firm can gain access to external technological capabilities through joint ventures and/ or merger..
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Temco, Inc., conveyed to the Wynns certain property adjoining an apartment complex being developed by Sonnett Realty Company. Although nothing to this effect was contained in the deed, the sales contract gave the purchaser of the property use of the ..
Demand for the popular water toy Sudsy Soaker has far exceeded expectations. In order to increase the availability of different models of the toy, the manufacturer has decided to begin producing its most popular models as often as possible on its one..
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