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kicyunya [14]
3 years ago
6

The manager of a branch office of Banco Mexicali observed that during peak hours an average of 20 customers arrives per hour and

that there is an average of 6 customers in the branch office at any time. How long does the average customer spend waiting in line and being​ serviced?
Business
1 answer:
Illusion [34]3 years ago
7 0

Answer:

The average customer waits in the system for 0.3 hours or 18 minutes.

Explanation:

We can work with this as a queuing theory problem.

The observation of 20 customers arriving per hour is the rate of arrival λ=20 1/hour.

The 6 customers in the branch office is L, the mean number of customers in the system (being serviced or waiting).

We need to calculate W, which is the average time in the system (waiting or being serviced).

For that we can use the Little's rule, tha can be written as

L=\lambda*W

In that case,

W=L/\lambda=6/20=0.3 \,hours

The average customer waits in the system for 0.3 hours or 18 minutes.

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as a footnote in financial statements or on the balance sheet

Explanation:

A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.

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5 0
3 years ago
A client has an options account that is qualified to buy options and sell covered calls. The client calls his representative, te
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Answer:

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Explanation:

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6 0
4 years ago
A corporation formed in one state but doing business in another state is called a _______ by the second state.
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4 years ago
ou need to have $25,000 for a down payment on a house 5 in years. If you can earn an annual interest rate of 4.7 percent, how mu
artcher [175]

Answer:

$19,870.39

Explanation:

To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:

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According to this, the answer is that you will have to deposit today $19,870.39.

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