Find the expected time a person will spend, Financial Accounting

Assignment Help:

A new shopping mall is considering setting up an information desk staffed by one (1) employee. Based upon information obtained from similar information desks, it is believed that people will arrive at the desk at the rate of fifteen (15) per hour. It takes an average of two (2) minutes to answer a question. It is assumed that arrivals are poisson-distributed and that answer times are negative-exponentially-distributed.

REQUIREMENT:

Find the proportion of the time that the employee will be busy.
Find the average number of people just waiting in line to get some information.
Find the expected time a person will spend just waiting in line to have his/her question(s) answered.

Related Discussions:- Find the expected time a person will spend

Labour variance, what is labour variance?

what is labour variance?

Flexibility in debt finance, Q. Flexibility in Debt finance? Debt finan...

Q. Flexibility in Debt finance? Debt finance is more elastic than equity in that various amounts can be borrowed at a fixed or floating interest rate and for a range of maturit

Define case study of a company that exports goods, Define Case Study of A C...

Define Case Study of A Company that exports goods? A company exports goods to country K. Your work as an international cash manager needs you to estimate the value of country K

Elements of the tort of negligence, Answer both parts of this task. Part (i...

Answer both parts of this task. Part (i) is worth a maximum of 5 marks and Part (ii) is worth a maximum of 10 marks. (i) List the elements of the tort of negligence. (ii) Enr

Balance sheet., how to prepare

how to prepare

Reduces retained earnings by the fair market value, Q. If a stockholder rec...

Q. If a stockholder receives a dividend that reduces retained earnings by the fair market value of the stock, the stockholder has received a a. large stock dividend. b. cash divide

Debit and credit ., How can we differentiate debit and credit

How can we differentiate debit and credit

Doubling period, One of the initial and the most general questions regardin...

One of the initial and the most general questions regarding an investment optional is the time period needed to double the investment. One clear way is to consider to the table of

Artificial intelligence and neural networks, examine the resemblance betwee...

examine the resemblance between Artificial intelligence and neural networks

What amount should emig report in its 2011 income statement, On its Decembe...

On its December 31, 2010 balance sheet, Emig Corp. reported bonds payable of $6,000,000 and related unamortized bond issue costs of $320,000. The bonds had been issued at par. On J

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages