Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
During the dinner hour, the distribution of the inter-arrival time of customers at Burger Barn is predictable to be as follows:
Inter-arrival Time
Probability
30 seconds
.45
60 seconds
.25
90 seconds
.15
120 seconds
.10
150 seconds
.05
Sixty percent of customers pay along with cash, while 40% pay along with credit cards.
Payment Method
Cash
.60
Credit
.40
The service time of the cash and credit card customers are predictable to be as follows:
Credit Card
Service Time
20 seconds
.35
.20
40 seconds
.30
80 seconds
Simulate this system for 20 customer arrivals and determine the average time a cash and credit card customer must wait in line before paying the cashier. Use the random numbers in the table below to determine the customer inter-arrival time, whether the customer pays with cash or credit, the service time.
You will be working with three probabilistic variables, the inter-arrival time, the payment method and the service time. Please also use the excel template attached when solving this problem.
Random Numbers
63
10
19
46
73
79
86
28
35
0
51
56
91
54
67
14
59
64
93
24
69
70
84
33
1
81
17
9
48
11
50
66
88
40
27
94
41
4
29
71
34
83
68
7
82
Marginal analysis finds to equalize the cost of producing one more item (marginal costs) with the revenue gained from selling one more item (marginal revenue).
format of contractee account and an example
Q. Let a firm's production function be given by K 0.3 L 0.7 . (i) Sketch (without specific numbers) the shape of the long run average and long-run marginal cost curves of the fir
Gerona Company authorized the sale of $300,000 of 10%, 10-year debentures on January 1, 2008. Interest is payable on January 1 and July 1. The entire issue was sold on April 1, 200
Limitations of Marginal Costing
Ask What is the major value of the weighted cost of capital calculation for the firm? question #Minimum 100 words accepted#
Direct Material Cost Variances (DMCV) This variance is a general difference in the standard direct material cost and the actual direct material cost. This variance may be prese
behabioural aspect of standard costing on budget
Shubenacadie Inc. is currently considering a project with a 5-year life that it believes has the potential to return the company to profitability. Based on the results from a marke
1. The following three one-year "discount" loans are available toyou: Loan A: $120,000 at a 7 percent discount rate Loan B: $110,000 at a 6 percent discount rate Loan
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd