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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.
We know that all perceptions are subjective and there is not necessarily a best way to understand any given situation. So, if there are so many moving parts to perception, how do y
Smucker's has multiple product lines. Explain how well they fit with each other. Please give sources.
Identify how changes in the external environment may affect the operation management strategy for company. For example, what are the following factors likely to have on operation m
1. Evaluate the impact of the iPad using Porter's competitive forces model. 2. What makes the iPad a disruptive technology? Who are likely to be the winners and losers if the iP
) A time study analyst observes a worker over a period of time and calculates that the worker required 90.0 minutes per unit produced. The worker was rated at a 105 percent perfor
You have been asked to undertake a management accounting review of an activity, a service or an event, which has occurred or is to occur in either your area of work or in an area o
basic stages of Operation Management
Ask question #Minimum 100 words acceptedDescribe what U-Build-It''s e-business solution will look like for each phase. Specifically, describe the front-end and back-end technical a
Explain Dummy Activity. Every project has a number of job operations or tasks that are termed as activities. An activity is a component of a project and this may be a process,
What do you understand by “line balancing”? What happens if balance doesn’t exist?n..
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