The incomes of 50 loan applicants are obtained. which level of measurement is income

Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al

Ksenya-84 [330]

Answer:

fraternal benefit society

Explanation:

The fraternal benefit society is an organization in which the people generally share the ethics, religious views, etc. Also this society provides the insurance to their members

Since in the question it is mentioned that the Edward who is a member of Knight of Columbus i.e. a religious group dedicated a voluntary service in order to give the benefit to society

So the knights of columbus is a fraternal benefit society

4 0

2 years ago

Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.5 cus

Phantasy [73]

Answer:

A) Single-server single-phase model (M/M/1).

$\lambda=2.5 \,customers/hour\\\\\mu=6\,customers/hour$

B) The goal is not met, as the average time waiting for service is 5.56 minutes.

C) The new mean service rate is 7.5 customers/hour.

In this case, the average time waiting for service is 4 minutes, so the goal is met.

Explanation:

A) This situation can be modeled as a single-server single-phase model (M/M/1).

The mean arrival rate is 2.5 customers per hour.

$\lambda=2.5 \,customer/h$

The mean service rate is 6 customers per hour, calculated as:

$\mu=\frac{60\, min/h}{10 \,min/customer}=6\, customer/h$

B) The average waiting time for a customer can be expressed as:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{6}\frac{1}{6-2.5} =0.417*0.222=0.093\,hours\\\\W_q=0.093\,hours*(60min/h)=5.56 \,min$

The average waiting time is 5.56 minutes, so it is more than the goal of 5 minutes.

C) If the average time spent per customer to 8 minutes, the mean service rate becomes

$\mu=\frac{60\, min/h}{8 \,min/customer}=7.5\, customer/h$

An the average waiting time for the service now becomes:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{7.5}\frac{1}{7.5-2.5} =0.333*0.2=0.067\,hours\\\\W_q=0.067\,hours*(60min/h)=4 \,min$

The average time is now 4 minutes, so the goal is achieved.

6 0

2 years ago

Compounding frequency refers to?

KonstantinChe [14]

Compounding frequency is how often your interest is calculated and added back into your account. The more frequently this happens, the more interest you will earn.

6 0

2 years ago

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as.

algol [13]

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

<h3>What is standard of living?</h3>

Standard of living refers toincome, comfort, out put or goods, population, gender, race and necessities of certain classes in some areas or characteristics of quality of life in a place.

The standard of living is measured by Gross domestic product per capital. That is GDP divided by population.

Gross domestic product(GDP) is the total number of goods produced in a nation per year.

Therefore, The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

For more details on standard of living check the link below.

https://brainly.com/question/930000.

6 0

1 year ago

Which of these is a group of producers working together to raise prices and

kramer

Answer:

B. a cartel

Explanation:

A cartel is a group of independent producers who collude to promote and protect their trade interests. Large producers in the same industry form cartels to manipulate supply and fix prices. Through the cartel, the large producers set prices that guarantee maximum profits for their members. The cartel eliminates price competition among the major producers in the industry.

6 0

3 years ago