What is the total idle time of the doctor

Assignment Help Corporate Finance
Reference no: EM13198686

The new medical centre wants you to simulate the day appointments schedule for one doctor.  An analysis has been done predicating one week's operation and has come up with the following results:

Time between arrivals

Number of occasions

10

15

15

30

20

25

25

20

30

10

Appointment length

Number of occasions

7

40

12

20

15

20

20

10

30

10

Required:

a) What is the probability that the time between arrivals will be 20 minutes or more?

b) What is the probability that the appointment time will be 12 minutes or less?

c) Using monte carlo simulation with the random numbers below, simulate 5 arrivals and 5 appointments:

Random numbers:

Random number

Arrival time

Appointment length

35, 92, 05, 44, 75

4, 2, 6, 9, 4

d) After 5 simulations what is the total waiting time of patients?

e) What is the total idle time of the doctor at the end of the first hour?

What is the largest queue of students that forms?

Reference no: EM13198686

Questions Cloud

Relationship between each of the groups and the leader : Describe a time when you or someone you know was part of an in-group or an out-group.What was the relationship between each of the groups and the leader? What was the relationship between the members of the two different groups?
Explain description of jocko based on middle-class standards : Which of the following is the best description of Jocko based on middle-class standards?Jocko is status consistent because of his high ranking on property and power.
State the bliefs and concepts that involves promoting goals : why certian beliefs and practices are meaningful to the practitioners of shugendo religion. and thier goals , the bliefs and concepts that involves promoting certian goals
How much work does the robot do in climbing to the top : The robot gets out of the well (carrying the wrench) by climbing up the cable with one end of the cable still attached to the robot. How much work does the robot do in climbing to the top of the well?
What is the total idle time of the doctor : What is the probability that the time between arrivals will be 20 minutes or more and what is the total idle time of the doctor at the end of the first hour?
What is the current : a motorboat can contain a constant speed of 38 mph relative to the water. the boat makes a trip upstream to a certain point in 42 minutes; the return trip is 34 minutes. what is the current?
The trait theories of personality : What did you learn about yourself from reading about the trait theories of personality? What did you learn about yourself from reading the other theories of personality? (List and explain at least three things.) How will you use this material to impr..
Explain the demographic socioeconomic in a nation : As a result of the demographic changes mentioned in our discussion board assignments this week, it is important to note that the faces of our elderly communities have changed dramatically
What is the angular velocity in radians per minute : What is the angular velocity in radians per minute at the center of the propeller?

Reviews

Write a Review

Corporate Finance Questions & Answers

  Determine minimum monthly payment

If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card and if Simon makes monthly payments of $60, how many months will it be before he pays off the debt?

  How much additional funds will be required

Current assets and accounts payable vary directly with sales.  Sales are expected to grow by 20 percent next year, the expected net profit margin is 5 percent, and the dividend payout ratio is 80 percent.

  What type of chart is this

What type of price information does it show, what is the prevailing trend and what does the blue line represent

  Determine the expected earnings per share

Determine the expected Earnings Per Share - Morton Industries is considering opening a new subsidiary in Boston, to b operated as a separate company

  Determine the return on equity

Determine the return on equity do investors expect for a company with a 17$ stock value, a dividend in one year of 2$, a beta of 1.6, & a constant growth rate is 2 percent?

  Determine total transaction costs

Steve Bolten sold his sailboat for $225,000. He paid a sales commission of 10 percent to boat brokers, had legal fees of $500, & had additional selling costs of $1,000.

  Determination about the economic viability of the proposal

Determine WACC using the WACC formula after first determining the % of total market value than each of the 3 components above represent.

  Investment and coupon bonds problem

GRP Company has $500,000 in a bank account paying 0.35 percent yearly interest. As an option to leaving the money in account, the firm is planning investing the entire amount for 5-years.

  Determine the level account receivable

Greene Sisters has a DSO of twenty days. The corporations average daily sales are 20,000. Determine the level of Greene Sisters account receivable suppose there 365 days in year.

  Find the expected market price after repurchase

Multiple choice questions on Market price and Stocks - Find the expected market price after repurchase?

  All analytical measures assembled

Diagnostic and ratio information compiled from the above table

  Formulate and justify an investment policy statement

Mr. Franklin is thirty-five years of age, is in good health, & pursues an active life style. He is married & his spouse is same age and is in also very good health.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd