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
Profit Analysis and Cost Volume or CVP Analysis CVP Analysis checks the relationship between profit, activity level and the cost. CVP Analysis assists in a broad range of p
A retailer knows the annual demand for one of its product is 100,000 units, the ordering costs are £25 per order and the average carrying cost per unit is 35 pence. You are require
Standards and Budgets Budgets like you recall from the previous section, are simply plans for expected future performance expressed in quantified monetary terms. Therefore the
The Zooline Company (Pty) Ltd is an American based company that focuses on the LSM 8 -10 markets. They do vehicle interiors, raise or lower suspensions and install top end sound sy
Martinez Corporation engaged in the following cash transactions during 2012. Sale of land and building $186,710 Purchase of treasury stock 42,130 Purchase of land 39,130
question and answer: XYZ trading purchased 6,850 killos of material at a total cost of 21,920.00. The material price variance was 1,370.00 favorable. The standard price per killo w
Vorticella can first be seen by the naked eye, b.ut to study it place a prepared slide under the microscope. Focus it under low power, and observe it. You can see a large number of
explain the practical application of differential costing with the help of suitable example.
Occurrence of Overhead Variances Overhead variances arise mainly because of the conventions of the overheads absorption process. The overhead absorption rates employed in this
Unrecaptured Sec. 1250 Gain and 1231. Mr. Briggs purchased an apartment complex on January 10, 2011, for $2 million with 10% of the price allocated to land. He sells the complex on
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd