Answer:
(a) 75% (b) 25% (c) 2.25 customers (d) 12 minutes (e) 0.25 (f)0.237
Explanation:
Solution
Given that:
The Arrival rate at Poisson distribution = 15 per hour = λ
The Service rate at exponential distribution = 20 per hour = μ
(a) System utilization = λ/μ = 15 / 20 = 0.75 = 75%
(b) The Probability of zero requests in server = 1 - λ/μ = 1 - 0.75 = 0.25
or
The percentage of time server will be idle = 25%
(c)The expected number of customers waiting to be served = Average number of customers in line = λ^2/μ (μ-λ ) = 225 /20(20-15) = 45 /20 = 2.25
Therefore, it is expected that on an average, 2.25 customers are waiting in line to get served.
(d)The average time customers will spend in system = 1/(μ-λ )
=1/(20 - 15) = 1/5 hours = 12 minutes
(e)The probability of zero customer in system = 1 -λ/μ = 1 - 0.75 = 0.25
(f) The probability of more than 4 customers in the system = (λ/μ)^ 4+1
= (15/20)5 = 0.237
Answer:
Drive action marketing objective
Explanation:
Catherina should choose the drive action marketing objective in order to re-engage with these visitors.
Drive action marketing objective is used to show your ads to potential customers who have already visited your site or completed an online form.
Drive Action objective is effective in finding customers that are very close to making a purchase.
The Drive Action objective helps to maintain the influence of your business and produce more engagement If you’re trying to close a sale or keep a conversation going with customers who are ready to act that is customers who are ready to buy.
The answer is
Democracy
Communism
Socialism
Oligarchy
Aristocracy
Monarchy
Theocracy
Colonialism
Totalitarianism
Military Dictatorship
Answer:
Viewers of the World Series are likely to see ads for beer and cars, and viewers of the Academy Awards broadcast are likely to see ads for clothing and hair care products, due to;
C. differing demographic data for potential and past viewers.
Explanation:
Marketing is the selling of a product by the use of various channels to improve a company's market share. An aspect of marketing is advertising. Advertising is the use of visual and audio material to promote a product for commercial purposes. Research has shown that effective advertisement campaigns often translate to increased demand for advertised products. When companies increase the sale of their products, there is a huge potential in increasing the company's profit margins. The major aim of most companies in commercial business is to increase their profit margins since this is what is considered as success in commercial business.
Before deciding to produce an advertisement there are many factors that need to be considered. An example is to analyse the demographic data. Demographic data is information that is characteristic about a certain group of people. In our case, advertisements usually target a given audience based on age, income levels, and gender. Viewers of the world Series are mostly of the male gender so it would be advisable to run advertisements that appeal to that group.
Answer:
For simplicity, assume there is only 1 man and 1 woman and that if the price of a microwave is equal to an individual's willingness to pay, the individual will purchase the microwave.
- If the number of male and female buyers is the same, then the best pricing strategy is to offer 2 different microwaves (option 3). One simple and cheap microwave for women and one with auto-defrost for men.
Strategy Revenue Revenue Total Revenue
from men from women from strategy
1. Auto-Defrost $82 $82 $164
Microwave only
at $82
2. Auto-Defrost $148 $0 $148
Microwave only
at $148
3. Simple $131 $66 $197
Microwave at $66,
Auto-Defrost
Microwave at $131
Suppose that, instead of one man and one woman, the market for this microwave consisted entirely of men. For simplicity, you can assume this means that there are two men, and no women. Under these conditions, pricing strategy <u>2. Auto-Defrost Microwave only at $148</u> would maximize revenue for the manufacturer.
