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kolezko [41]
3 years ago
13

Assuming a 24 hour operation in a warehouse, and an arrival following Poisson distribution with mean rate of 36 per day and serv

ice (unloading using a single bay) following exponential distribution with a rate of 48 trucks per day, answer the following question. What is the expected waiting time in the system (in hours) for a typical truck?
Business
1 answer:
vova2212 [387]3 years ago
7 0

Answer:

The expected value is equal to 0.176

Explanation:

mean = 36

rate per day = 48

P(x; 48)= e⁻⁴⁸( 48)³⁶/36!

E(X)= 1.425 e⁻²¹ 3.347 e⁶⁰/3.72e⁴¹

E(X)= 1.425 *3.347*e⁻²/3.72

E(X)= 1.3e⁻²= 0.1759= 0.176

The probability that an event occurs in a very short time interval is proportional to the length of the interval which is a positive quantity and may be interpreted as the average number of occurrences per unit of time.

The probability that two or more events occur in such a short interval is so small that it can be neglected.

events occurring in non overlapping intervals of time are statistically independent .

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George Bailey purchased equipment from M. Potter for $450,000, paying $35,000 cash as a down payment and financing the remainder
Lorico [155]

Answer:

Equipment $450,000 (debit)

Cash $35,000 (credit)

Suppliers Loan $415,000 (credit)

Explanation:

George Bailey must recognize the Asset of Equipment, de-recognize the Assets of Cash and recognize the Suppliers Loan as above.

6 0
3 years ago
What are consumer motives?
Marrrta [24]

Explanation:

The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.

There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:

  1. physiological,
  2. safety,
  3. love,
  4. esteem and
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This theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.

3 0
4 years ago
The only producer of chocolate bunnies in the world, Choco's Bunny Company, recently expanded its production capacity from 1,000
Sophie [7]

Answer:

19.82%

Explanation:

Midpoint method = Q2 - Q1 / [(Q2 + Q1) / 2] / P2 - P1 / [(P2+P1) / 2]

3.33 = 2000 - 1000 / [(2000 + 1000) / 2] / P2 - P1 / [(P2+P1)/2]

3.33 = 0.66 / (P2 - P1) / [(P2+P1)/2]

By cross multiplying we have

0.66 = 3.33 [ (P2 - P1) / [(P2+P1)/2]

divide both sides by 3.33

19.82% = The mid point change in price.

5 0
3 years ago
The annual percentage yield (apy) is the
tia_tia [17]
Annual interest rate that factors in compounding effects.

Formula: APY = ( 1 + APR/n )^n - 1
4 0
3 years ago
Read 2 more answers
Supply chain management plays a dual role. Its first role is as a communicator of customer demand that extends from the point of
Iteru [2.4K]

Answer:

The statement is: True.

Explanation:

Supply Chain Management aims to streamline the processes involved in the supply chain. The supply chain is a complex network of activities and resources involved in transferring raw materials, parts, and finished goods from initial manufacturers to end consumers.

<em>We could say then, that the supply chain management has a dual role: one driven by the manufacturers needs to be communicated to suppliers and the second represented by the number of activities that the supply chain processes demand managers and engineers to structure.</em>

8 0
3 years ago
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