Answer: (a ) 4 per hour (b ) 4.5 minutes (c ) 3 minutes
Explanation:
Average time between customer arrival = 15 minutes
Average service time = 10 minutes
(a) To calculate the customer arrival rate
Arrival rate = 1 / time between Arrival
= 1 / 15
= 0.066 × 60
= 4 per hour
(b) To calculate the average number of customers in queue
( Arrival time )^2 / service time ( service time - Arrival time)
= (15)^2 / 10 ( 10 - 15)
= 225 / 10 (-5)
= 225 / 50
= 4.5 minutes
(c) To calculate the average time customers spend in the system
Arrival time / service time - Arrival time
= 15 / 10 - 15
= 15/ -5
= 3 minutes
Answer:
Forming.
Explanation:
The forming stage includes a time of direction and acclimating. Uncertainty is high during this stage, and individuals are searching for leadership and authority. A member who declares authority or is educated might be hoped to take control.
Answer:
Suppose the economy is experiencing an output gap of –3%
a. Monetary policy or fiscal policy can be used to raise actual output toward potential output when:
The government can increase its spending or reduce taxes, which will shift the IS curve to the right and increase GDP.
The Fed can reduce the interest rate, which will shift the MP curve down and increase GDP.
b. The policies identified in part a,
can be used together to raise actual output toward potential output.
Explanation:
Investment-Savings (IS) curve shows all the levels of interest rates and output (GDP) at which an economy's total desired investment (I) equals its total desired saving (S). This equilibrium can be achieved at a level of interest rate that maximizes output. The IS curve slopes downward, and to the right because at a lower interest rate, investment is higher, which produces more total output (GDP) for the economy.
For an effective communication to take place the selection of the most appropriate channel ( medium for convening information) for the intended audience is very important
Explanation:
The factors that are important in the determination of the most appropriate channel/Medium for communication are:
- Urgency of the message(Importance of the message)
- Confidentiality of the message and the medium
- Record(The business communication needs to be recorded)
- Cost incurred in sending the message
- Supporting Technology
- Distance
When determining the most effective channel for the message,one should initially consider the importance of the message.
