Service providers are individuals who are paid by someone in exchange for labor or service An organization that offers services to other organizations, such as consulting, legal, real estate, communications, storage, and processing, is known as a service provider (SP). A service provider is typically a third-party or outsourced supplier, though it is possible for it to be a member of the company it supports.
A organization might hire advisors, independent consultants, law companies, design studios, and investment banks as examples of prospective service providers. Service providers are people or businesses that offer services to businesses and other parties. They offer network, processing, and storage services.
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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
Answer:
C.
Explanation:
When new entrants into a competitive market have higher costs than existing firms, market price will rise.
Answer:
Results are below.
Explanation:
Giving the following information:
Each unit of output requires 0.06 direct labor-hours.
The direct labor rate is $8.00 per direct labor-hour.
The production budget calls for producing 5,300 units in June and 5,800 units in July.
<u>Direct labor budget June:</u>
Direct labor hours= 5,300*0.06= 318
Direct labor cost= 318*8= $2,544
<u>Direct labor budget July:</u>
Direct labor hours= 5,800*0.06= 348
Direct labor cost= 348*8= $2,784
Explanation:
The consumer won't want to buy cassettes because most music players are cd players if not even that. Plastic, time, money, and labor would be wasted.
