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natali 33 [55]
3 years ago
10

Willow brook national bank operates a drive-up teller window that allows customers to complete bank transactions without getting

out of their cars. on weekday mornings, arrivals to the drive-up teller window occur at random, with an arrival rate of 24 customers per hour or 0.4 customers per minute.
Business
1 answer:
evablogger [386]3 years ago
8 0
There are two question related to the above information is;
1) What is the mean or expected number of customers that will arrive in a five-minute <span>period?
Answer:
to calculate the mean, customers per minute is equal to 0.4
mean for that will arrive in a five minute period  =  0.4 x 5 = 2
thus, the answer is 2.
2) </span>Assume that the Poisson probability distribution can be used to describe the arrival process. Use the arrival rate in part (1) and compute the probabilities that exactly 0, 1, 2,<span>and 3 customers will arrive during a five-minute period.
</span>Given X Poisson (Mean =2 in 5 minutes)
P(X=x) =(2^x)x exp(-2)/x!
P(X=0)=(2^0) x Exp(-2)/1! = 0.1353353
P(X=1)=(2^1) x Exp(-2)/1! =0.2706706
P(X=2)=(2^2) x Exp(-2)/2! = 0.2706706
<span>P(X=3)=(2^3) x Exp(-2)/3! = 0.180447</span>
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Answer:

Crawford Construction

1. Crawford Construction sold and replaced its inventory:

a. 4.14 x

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Explanation:

a) Data and Calculations:

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b) Quick ratio equals (Current assets - Inventory)/Current Liabilities.  Computing the quick ratio in place of the current ratio can be used to identify how Crawford Construction can meet its current (short-term) debts without selling inventory and recovering funds from the sale.

c) The Inventory Turnover Ratio divides the cost of goods sold by the average inventory.  The Sales value can approximate the cost of goods sold.  The ratio shows the efficiency of Crawford Construction in handling its inventory.  The higher the value of the ratio, the better, showing that Crawford is more efficient when it gets a higher turnover ratio.

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Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20
navik [9.2K]

Answer:

withdraw amount  = 28532.45

so correct option is  a. $28,532

Explanation:

given data

present amount  = $275,000 bonus

interest rate = 8.25% per year  = 0.0825

time period = 20 year

solution

first we get here Cumulative discount factor that is

Cumulative discount factor = \frac{(1-(1+r)^{-t}}{r}   .........................1

here r is rate and t is time period

put here value and we will get

Cumulative discount factor = \frac{(1-(1+0.0825)^{-20}}{0.0825}    

solve it we get

Cumulative discount factor =  9.638148

and now we get  so here withdraw amount at the end of each of the next 20 years that is

withdraw amount = Present amount ÷ cumulative discount factor   ............2

put here value

withdraw amount = \frac{275000}{9.638148}    

solve it we get

withdraw amount  = 28532.45

so correct option is  a. $28,532

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