Determine the customer inter-arrival time, Cost Accounting

Assignment Help:

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

Probability

Cash

.60

Credit

.40

The service time of the cash and credit card customers are predictable to be as follows:

Cash

Credit Card

Service Time

Probability

Service Time

Probability

20 seconds

.35

30 seconds

.20

40 seconds

.30

60 seconds

.45

60 seconds

.25

90 seconds

.25

80 seconds

.10

120 seconds

.10

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

Inter-arrival Time

Payment Method

Service Time

63

10

19

46

73

79

86

28

35

0

51

63

56

91

54

67

14

51

59

64

93

28

24

69

79

70

14

64

84

35

33

73

1

81

17

9

17

48

70

63

11

50

66

88

40

27

94

41

4

29

71

34

83

68

7

71

50

69

27

82


Related Discussions:- Determine the customer inter-arrival time

Prepare the entry to assign factory labor to production, The gross earnings...

The gross earnings of the factory workers for Vargas Company during the month of January are $66,000. The employer's payroll taxes for the factory payroll are 8,000. The fringe ben

Prepare an eps summary for income statement, You are thinking of investing ...

You are thinking of investing in one of two corporations, both in the same industry, the XYZ Corporation or the ABC Corporation. Selected data follows: Sales data for the year e

What is the total cost of the work in process, The Cutting Department of th...

The Cutting Department of the Rock Island Custom Cabinetry Corporation (a process costing production) had no work in process at the beginning of the period, 12,000 units were compl

Presentation & Essay, Why are the main contribution teams can make to an or...

Why are the main contribution teams can make to an organisation? What are the conditions necessary in organisations if people are to work effectively in teams? * Describe what tea

Cost, product mix decisions with capacity constraint

product mix decisions with capacity constraint

Prepare a properly classified cash flow statement, Prepare a properly class...

Prepare a properly classified Cash Flow Statement for Sports Enterprises Ltd for the year ended 31st December 2011. Note that the Closing Cash at Bank Balance at 31st December 2011

CVP Break even analysis, Bottoms Up company produces high quality sports eq...

Bottoms Up company produces high quality sports equipment. the companie''s racket division manufactures three tennis rackets- the Standard, Deluxe and the Pro that are widely used

What is the division''s margin, Eckels Wares is a division of a major corpo...

Eckels Wares is a division of a major corporation. The following data are for the latest year of operations: Sales

Cost of airconditioning plant, Devprop Leasing Co.is an industrial property...

Devprop Leasing Co.is an industrial property development company, that typically develops warehouse and industrial complexes in new or underdeveloped areas, operates these complexe

Write Your Message!

Captcha
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