Answer:
Explanation:
The arrival rate (λ) = 20 customers per hour. Since the service times at the pump have an exponential distribution with a mean of 2 minutes, therefore the service rate (μ) = 60 / 2 = 30 customers per hour.
The probability of the no customers being in the system(P₀) is given as:
If no customer is in the system we can sell gasoline for $4
/gallon to the next customer. The expected price p of gasoline is given by:
P = $3.665 per gallon
Revenues should be recognized when available and measurable.
Answer:
108.65 Japanese Yen