This is an example of the Shoe-leather effect of inflation
Explanation: Here Carols faces a lot of inconvenience in minimizing the cash holdings he has in the fear of it losing its value in the long term. So, he pays a steep fee to convert which we can call as shoe leather costs.
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
Explanation:
get f we CNN y he q CNN y kg dv free q
Answer:
a
Explanation:
it could be because of allot things could
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