1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blagie [28]
1 year ago
12

A catalog company that receives the majority of its orders by telephone conducted a study to determine how long customers were w

illing to wait on hold before ordering a product. the length of time was found to be a random variable best approximated by an exponential distribution with a mean equal to 3 minutes. find the waiting time at which only 10% of the customers will continue to hold.
Business
1 answer:
Oksi-84 [34.3K]1 year ago
5 0

The waiting time at which 10 percent of the people would continue to hold is given as 2.3

<h3>How to solve for the waiting time</h3>

We have to solve for X ~ Exponential(λ).

then E(X) = 1/λ = 3,

= 0.3333

Remember that the cumulative distribution function of X is F(x) = 1 - e^(-λx). ;  x is equal to the  time in over case

For 10 percent of the people we would have a probability of

10/100 = 0.1

we are to find

P(X ≤ t)

= 1 - e^(0.3333)(t) = 0.1

Our concern is the value of t

Then we take the like terms

1-0.1 = e^(0.3333)(t)

1/0.9 = e^(0.3333)(t)

t = 3 * ln(1/0.9)

= 0.3157

You might be interested in
Plan production for a four-month period: February through May. For February and March, you should produce to exact demand foreca
Alex73 [517]

Answer:

The optimal production plan gives a total costs of $417,672 for the periods Feb to May

In Feb we will have to hire 26 workers to close the gap between demand and production from our 100 existing workers

In March however, we will have to lay them off (26 workers) to keep our production in line with demand.

In April, we are constrained to 100 workers, thus requiring that we run overtime. The overtime requirement is between 3,060 hours to max of 5,000 hours. Note that inspire of the hours chosen, demand for April still won't be fulfilled.

The best option will be the one that gives us last backlog because of the costs of backorder being extremely costly.

5,000 overtime hours in April is the best option .

In May, we are constrained to our 100 workers, meaning we will fulfill our back orders and also retain inventory in hand of 7,760 units.

The 3 pages attached show how the cost is worked out and the presentation as well.

3 0
3 years ago
Clark Company manufactures a product with a standard direct labor cost of two hours at $18.00 per hour. During July, 2,000 units
Butoxors [25]

Answer:

The correct answer is B)$3600 U.

Explanation:

The labor quantity variance is difference between actual hours consumed to produce the product and standard hour that should be taken to produce the product. The detail calculation are given below.

labor quantity variance= Standard rate (Standard quantity - actual quantity)

                                       = 18 (4,000-4,200)

                                        = $ 3,600 un-favorable

Labor quantity variance is un-favorable. Which means more labor cost due to more labor hour comsumed.

5 0
3 years ago
Use the drop-down menus to analyze the writing prompt. Format: Examine a Centers for Disease Control advertising campaign that p
Wewaii [24]

There are different ways to promote vaccination. The Centers for Disease Control advertising are known to organize different campaign that helps to promotes the influenza (flu) vaccination.

It is often done through the use of promotional posters/flyers with the aim to advertise the various locations in the community that helps or offer seasonal flu vaccinations.

They also display posters that talks about flu vaccination in schools, break rooms, cafeterias, high-traffic areas, etc. There is the use of articles in that are published on newsletters, internet, emails, etc.

<h3>Why spread awareness on vaccination?</h3>

The organization are known to use celebrities or employers to be vaccine ambassadors thereby promoting vaccines within and outside organization. The use of all these media above has influenced the rate at which people get vaccinated. The use of posters and other public figures to encourage vaccination has help reduce the spread of disease among the people.

Learn more about  advertising campaign from

brainly.com/question/15211775

5 0
1 year ago
Read 2 more answers
The term economies of scale refers to the fact that as the:
frutty [35]

Answer:

quantity of product produced in a given period increases, the cost of manufacturing each unit decreases

Explanation:

Economies of scale happens when the average total cost (variable + fixed production costs per unit) decreases as total output increases. This generally takes place because fixed costs are the same for a small number of units produced or a large number of units produced, so the average fixed cost per unit tend to decrease as more units are produced (at least up to certain point). Variable production costs per unit can also decrease as total output increases since materials might be purchased in larger quantities resulting in higher discounts or labor productivity increases.

7 0
2 years ago
Brian just started using a budget. He proudly tells friends that his budget helps him know where his money is being spent. It al
stepan [7]
The right answer for the question that is being asked and shown above is that: "<span>Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better." That is the best answer among the choices.</span>
5 0
3 years ago
Other questions:
  • How does the Small Business Administration (SBA) categorize some types of insurance needs?
    14·2 answers
  • You determine that a robot welder is malfunctioning on your assembly line because final inspection has revealed a loose connecti
    13·1 answer
  • Emma has ben promoted to a managerial position where she manages fifty employees in a division that has a history of low product
    8·1 answer
  • Which answer is an example of a market?
    15·1 answer
  • Cash $207,200 Salaries and wages expense (sales) $318,080 Inventory 599,200 Salaries and wages expense (office) 387,520 Sales re
    15·1 answer
  • Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jes
    12·1 answer
  • What is the amount of money you still owe to their credit card company called?
    12·1 answer
  • Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(
    13·1 answer
  • The executive summary is a particularly important part of the business plan for all the following reasons EXCEPT
    13·2 answers
  • Once a company starts growing and showing potential, entrepreneurs look for ______ financing.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!