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Flura [38]
3 years ago
5

Dr. Tarun Gupta, a Michigan vet, is running a rabies vaccination clinic for dogs at the local grade school. Tarun can shoot a do

g every 4 minutes. It is estimated that the dogs will arrive independently and randomly throughout the day at a rate of one dog every 5 minutes according to a Poisson distribution. Also assume that Taruna's shooting times are exponentially distributed.Compute the following:a) The probability that Tarun is idle.b) The proportion of the time that Tarun is busy.c) The average number of dogs being vaccinated and waiting to be vaccinated.d) The average number of dogs waiting to be vaccinated.e) The average time a dog waits before getting vaccinated.f) The average amount of time a dog spends waiting in line and being vaccinated.

Business
1 answer:
nirvana33 [79]3 years ago
8 0

Answer:

Check the following explanation and images attached

Explanation:

The assumptions in single-server queue theory include: -

Unlimited calling population may enter the queue

Arrivals are random and independent 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 served on FIFO basis

Service time of one customer may vary from that of another customer.

Single server and service time is as per the negative exponential probability distribution.

Average service rate is greater than average arrival rate.

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Jason purchased ABC stock at $40 per share and DEF stock at $35 per share on the same day in 2015. Exactly 6 months later, the A
Pachacha [2.7K]

Answer:

C) ABC 5% and DEF 5.7%

Explanation:

Data provided in the question:

Purchasing Cost of Stock ABC purchased = $40 per share

Purchasing Cost of Stock DEF purchased = $35 per share

Time = 6 months

Selling price of share of ABC = $42 per share

Selling price of DEF share = $36

Dividend paid to the DEF = $0.5 each quarter i.e $0.5 twice in 6 months

Thus,

Total dividend paid to DEF = $0.5 × 2

= $1

Now,

For ABC

Total return = Selling price - Purchasing Cost

= $42 - $40

= $2 per share

thus,

Holding period return = [ Total return ÷ Purchasing cost ] × 100%

= [ $2 ÷ $40 ] × 100%

= 5%

For DEF

Total return = Selling price + Dividend received - Purchasing Cost

= $36 + $1 - $35

= $2 per share

thus,

Holding period return = [ Total return ÷ Purchasing cost ] × 100%

= [ $2 ÷ $35 ] × 100%

= 5.7%

Hence,

option C) ABC 5% and DEF 5.7%.

7 0
3 years ago
Cray Research sold a super computer to the Max Planck Institute in Germany on credit and invoiced €10 million payable insix mont
Reil [10]

Answer:

a) The expected loss from the forward hedging = $432,900

b) No I wouldn’t recommend hedging the euro receivable based on the fact that the future spot rate is better off than the forward exchange rate.  

c) No I wouldn’t because in any case whether you hedge or not there will be no difference.

Explanation:

Solution.

Forward Exchange Rate = $1.10/€, therefore the equivalent of €10 million receivable from Germany in 6-month time = €10 million / Forward exchange rate ($1.10) = $9,090,909

However, the 6 months spot rate is $1.05/€, therefore if we simply wait till 6 months we will receive €10 million / Forward spot rate ($1.05) = $9,523,809.

a) The expected loss from the forward hedging = $9,523,809 - $9,523,809 = $432,900

b) No I wouldn’t recommend hedging the euro receivable based on the fact that the future spot rate is better off than the forward exchange rate.  

c) No I wouldn’t because in any case whether you hedge or not there will be no difference. You’ll just end up paying hedging fees which will impact on profits adversely.  

However it is always advisable to hedge foreign exchange risks because predictions could differ from reality and adverse movements in exchange rates could carry significant financial consequences which may not be comparable to the hedging costs.

7 0
3 years ago
Angara Corporation uses activity-based costing to determine product costs for external financial reports. The company has provid
Kipish [7]

Answer:

Total amount = $292,650

Explanation:

As per the data given in the question,

Machine related (machine-hours) = $103,800

Batch setup (setups) = $402,600

Order size (direct labor-hours) = $82,600

For product X :

Machine related = ($103,800÷6000×800)

= $13,840

Batch setup = $402,600 × 3,100 ÷6,000

= $208,010

General factory = $82,600 × 6,000 ÷ 7000 = $70,800

Total amount = ($13,840 + $208,010 +  $70,800)

= $292,650

7 0
3 years ago
Your parents will retire in 27 years. They currently have $280,000 saved, and they think they will need $1,900,000 at retirement
Ivahew [28]

Answer:

Annual Rate=7.35%

Explanation:

Calculation for the annual interest rate must they earn to reach their goal

Number of years =27

PV =280,000

FV =1,900,000

Using this formula

Annual Rate=(FV/PV)^(1/n)-1

Let plug in the formula

Annual Rate=(1,900,000/280,000)^(1/27)-1

Annual Rate=6.7857^(1/27)-1

Annual Rate=1.07349-1

Annual Rate=0.0735

Annual Rate=7.35%

Therefore the annual interest rate must they earn to reach their goal will be 7.35%

3 0
3 years ago
A consumer values a house at $525,000 and a producer values the same house at $485,000. If the transaction is completed at $510,
IrinaVladis [17]

Answer:

$15,000

Explanation:

Amount of tax that will result in unconsummated transaction will be :

Consumer values of house $525,000

Less completed transaction $510,000

Tax $15,000

Therefore $15,000 is the amount of tax which will result in Unconsummated transaction because the actual value of the house was $525,000 in which the transaction process was later completed at $510,000.

6 0
3 years ago
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