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

Company accounts, can a company reissue a share at discount which was earli...

can a company reissue a share at discount which was earlier issued at discount

What is the cash flow from assets for 2010, The following question are base...

The following question are based on above table:- Question 1 What is the change in net working capital from 2009 to 2010? Question 2 What is net capital spending for 20

Show equity and debt issues, A company is necessary by law to offer an issu...

A company is necessary by law to offer an issue of new equity finance on a pro-rata basis to its existing shareholders. This makes sure that the existing pattern of ownership and c

Explain about credit-worthiness, Q. Explain about Credit-worthiness? Th...

Q. Explain about Credit-worthiness? There are a numerous ways in which Fenton Security plc could ensure that customers are subjected to tighter credit appraisal checks before g

What are the potential benefits of implementing abc, Question 1: (a) De...

Question 1: (a) Define program evaluation. (b) Discuss the four types of program evaluation that are usually carried in the Public Sector. Question 2 (a) You have

Statement of retained earnings, Statement of Retained Earnings Landon Corpo...

Statement of Retained Earnings Landon Corporation was organized on January 2, 2010, with the investment of $100,000 by each of its two stockholders. Net income for its first year o

Straight-line depreciation, Straight-Line Depreciation - ACCOUNTING method ...

Straight-Line Depreciation - ACCOUNTING method which reflects an equal amount of wear and tear during every period of an ASSET'S useful life. For example annual STRAIGHT-LINE DEPRE

Prepare financial statements for non reporting entities, THDS Brewery is pr...

THDS Brewery is priavet limited company(plc) established according to the Ethiopian commercial code.it is engaged in brewery business

Reasons that influence firm''s degree of transaction exposure, Define reaso...

Define reasons that influence a firm's degree of transaction exposure? What reasons influence a firm's degree of ‘transaction exposure' in a certain currency? For each reason d

Amount of depreciation expense , In January 2011, Rogers Co. purchased a ma...

In January 2011, Rogers Co. purchased a machine that cost $85,000. The equipment is estimated to have a 5-year life and a salvage value of $15,000. a) Compute the amount of depr

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages