Answer:
Check the explanation
Explanation:
The assumptions in single-server queue theory include: -
- Unlimited calling population may enter the queue
- Arrivals occur randomly and are not dependent but average number of arrival does not change.
- Single waiting line and arriving customers are patient customers who can wait in the queue before they can be served regardless of the length of the line.
- Arrivals are serviced on a first come first served basis
- Service time of one customer may vary from that of another customer.
Kindly check the attached images below to see the step by step explanation to the question above
Orange crossed diamond symbol on a regulatory marker is used to mark a swimming area. This symbol also means for boats to keep out of the area leaving a part of the sea for the swimming area. This symbol also made in a white buoy with black lettered writing "SWIM AREA". This symbol is a common boat terminology which is known worldwide to increase safety for people who do activity nearby or on the sea and beach<span>.</span>
Answer: 1 year and 6 months
Explanation:
The cash flows are as follows,
Year 0 = ($2,500)
Year 1 = $1,500
Year 2 = $1,500
Year 3 = $1,500
Payback period is the time it will take to break even the intial investment (In this question the initial investment is $2,500)
The sum of the cashflows of year1 and year2 is equal to $3,000
which means that the payback period is somewhere bbetween year 1 and year2
1500/3000 = 0.5 year or 6 months
the total payback period is 1 year and 6 months