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pogonyaev
3 years ago
10

A restaurant at a popular Colorado casino provides priority service to player’s card holders. The restaurant has 10 tables or bo

oths where customers may be seated. The service time (time a booth or table is occupied) averages 42 minutes once a party is seated. The customer arrival rate is 8 parties per hour, with the parties being equally divided between card holders and people without player’s cards. What is the average time that parties WITHOUT player’s cards wait to be seated?A) Approx. 55 secondsB) Approx. 2 hoursC) Approx. 40 minutesD) Approx. 24 seconds
Business
1 answer:
Alekssandra [29.7K]3 years ago
5 0

Answer: Option A -- Approx. 55 seconds

Explanation:

It should be noted that, after proper calculations, the average time that parties WITHOUT player’s cards wait to be seated is Approximate 55 seconds. Therefore, Approx. 40minutes, 2hours and 24 seconds are wrong.

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Shen spends $200 to purchase legal service from Rowan and Martin Associates. Valerie spends $8 to order a mojito cocktail. Shen
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Answer:

(1) Shen spends $200 to purchase legal service from Rowan and Martin. Associates - Dollars

(2) Valerie spends $8 to order a mojito cocktail - Dollars.

(3) Shen earns $375 per week working for Little Havana - Inputs.

Explanation:

<em>(1) & (2) statements in the "Answer" above</em> are <em>purchase on cash </em>transactions. Hence, they imply the flow of <em>dollars</em> from the household to the firm.

<em>(3) statement in the</em> <em>"Answer" above</em>  implies giving of <em>factor input labor services</em> by Shen to Little Havana. Hence, it indicates the flow of <em>inputs </em>from the household to the firm.

4 0
3 years ago
The weekly incomes of shift foreman for a given industry follow a normal probability distribution. With a mean of $1,000 and a s
mylen [45]

Answer:

There is a 0.2419% for a foreman to earn either $1,100 or $900

Explanation:

We calculate the probability of a normal distribution of 0;1

(X-mean)/deviation = Z

(1,100 - 1,000)/100 = 100/100 = 1

900 - 1,00/100 = -100/100 = -1

Given the zame Z value, we have the same probability of a foreman to earn 1,100 or 900

As we are asked for the foreman salary, wewill calcualte the Z for non cumulative, just the probability of a foreman to earn 1,100 or 900 dollars.

We look into the normal distribution table for the value of z = -1 or 1

0.002419707  = 0.2419%

4 0
3 years ago
During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a r
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Answer:

Answer for the question:

During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduced their orders of computer chips from Intel and other vendors. In general, the environment in which computer manufacturers operate is very uncertain; how should we expect this feature of the market to affect the length of contracts between computer manufacturers and their hardware manufacturers?

is given in the attachment.

Explanation:

4 0
3 years ago
The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The
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Answer:

TRUE

Explanation:

The CEO 's belief that he has placed his firm in a slow-cycle industry where <u>concerns about protecting unique competencies dominate concerns about market share,</u> is true

Basically, the CEO operates in a niche market as is reported in the scenario

<u>Niche marketing refers to competing within a narrowly defined market segment with a specialized offering.</u>

Most small businesses are generally not niche marketers; they simply have a very small share of a large segment <u>whereas niche marketers have a large market share in a small/tight segment. </u>

Having therefore established his Niche business in a small segment where he has a large market share (otherwise it would not be a niche business), <u>the concerns will be about protecting unique competencies rather than market share</u>

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3 0
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You're considering an investment that you expect will produce an 8% return next year, and you expect that your real rate of retu
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Answer:

Explanation:

Using Fisher equation <u><em>(Which is estimating the financial mathematics and economics relationship among real interest rates nominal interest rates under inflation.) </em></u>which goes like this

1+i=(1+r)(1+\pi _{e} )

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Inflation = (1+0.08) / (1+0.06) - 1 = 1.88% (Could be approximated as 2%)

7 0
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