1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juliette [100K]
3 years ago
10

You have been asked to analyze the queue for registrations for a popular MSOM seminar at a major national conference. Conference

attendees arrive to register at the rate of 5 people every 15 minutes (Poisson distributed). It takes each host, any number of which can be hired directly through the conference at the cost of $17 per hour, 7 minutes to register a guest, following a negative exponential distribution. The conference recognizes a waiting cost of $40 per hour per guest in line. A single waiting line is set up, but can accommodate multiple servers. What is the minimum number of hosts that could be hired for this system?
Business
1 answer:
erica [24]3 years ago
3 0

Answer:

Explanation:

Average arrival rate, λ = 5 people in 15 minutes = 20 people in 60 minutes = 20 per hour

Average service rate, μ = 1 in 7 minutes = (60/7) per hour

The minimum number of servers required for a stable queuing system = λ / μ = 20 / (60/7) = 7/3 = 2.333

So, the minimum number of hosts that could be hired = 3 hosts

You might be interested in
Green Cleaners Inc., a U.S.-based company that specializes in environmentally-friendly cleaning supplies, has production facilit
Anettt [7]

Answer: MULTINATIONAL

Explanation: MULTINATIONAL ENTERPRISE is any Enterprise that has its presence and does business in two or more countries. The presence can be in the form of Production facilities, Marketing facilities,joint ventures or even Franchise etc

Companies like Green Cleaners Inc., a U.S. company which has expanded to Spain and Poland are multinationals. Multinational organizations or enterprises have huge capital base through which they are able to acquire properties abroad.

3 0
3 years ago
A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 200 units is $4
posledela

Answer:

D. Should Shut Down

Explanation:

A perfect competition firm is at profit maximising equilibrium where : Marginal Revenue [Price] = Marginal Cost .

If MR > MC : Firm's additional production is profitable, it tends to increase production. If MR < MC : Firm's additional production is loss making, it tends to decrease production.

However, If firm's Price i.e MR < Average Variable Cost : The firm's per unit price is even unable to cover it's per unit average variable cost. This situation is referred to as 'Shut Down' point & firm should close down its production in the case.

Given : MR = P = 3 ; MC = 4 ; AVC = 3.5 . The firm's price P (3) is not only lesser by its Marginal Cost MC (4), to decrease production ; but also lesser than its Average Variable Cost AVC (3.5) . So, the firm should shut down.

7 0
4 years ago
Circumstances) People, constraints, and consumption are some of the key factors that will impact on your critical thinking and s
zimovet [89]

Answer:

True

Explanation:

Critical thinking is the thinking that deals in analyzing the facts so that the judgment could be created. It involves various things like rationality, non-biased, proof-based on facts provided, etc

Here the factors that directly impact the critical thinking are people, constraints and the consumption this results in shaping your goals and objectives you made

hence, the given statement is true

8 0
3 years ago
A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a(n) _____ s
devlian [24]

A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a<u> "purchase money" </u>security interest in the consumer good.

A purchase money security interest (PMSI) is a legitimate claim that enables a lender to repossess property financed with its loan or demand repayment in real money if the borrower defaults. It gives the lender need over other creditors cases.  

A PMSI is utilized by some commercial lenders and credit card guarantors just as by retailers who offer financing alternatives.

8 0
3 years ago
Which of the following is the reason most people give for transferrin from a two year school to a four year school
dangina [55]

The reason could be that they want a higher education. 4 year degree is more rewarding than a 2 year degree. they want a higher education so they can get a better job that pays them even more. thats my opinion. remember this has to do more with money. the more you prepare yourself the more money you are able to get.

7 0
4 years ago
Other questions:
  • You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 1717 years. You expect tha
    10·1 answer
  • Please answer quick
    10·1 answer
  • The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
    13·1 answer
  • Rebecca works for a company that has clearly defined lines of authority. Each employee knows that he or she has authority and re
    8·1 answer
  • The print ads and the television ads for Maytag appliances were designed to show "The Loneliest Man in the World" was a Maytag r
    12·1 answer
  • In the market for desk lamps, which of the following will increase demand? Choose one or more: A. If desks are a complementary g
    6·1 answer
  • Haroldsen Corporation is considering a capital budgeting project that would require an initial investment of $350,000. The inves
    14·2 answers
  • You will receive $500 tomorrow. You will receive an additional nine cash flows growing at the rate of inflation of 2 percent per
    12·1 answer
  • Grace is a self-employed artist. She can make 20 pieces of pottery per week. She is considering hiring her sister Kate to work f
    10·1 answer
  • Bill is the treasurer for a fast-growing organization whose budget has recently been growing at a rate of 10% per year. The budg
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!