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igomit [66]
3 years ago
5

The daughter of the owner of a local hamburger restaurant is preparing to open a new fast-food restaurant called Hasty Burgers.

Based on the arrival rates at her father"s outlets, she expects customers to arrive at the drive-up window according to a Poison distribution, with a mean of 20 customers per hour. The service rate is flexible; however, the service times are expected to follow an exponential distribution. Tice drive-in window is a single-server operation.a. What service rate is needed to keep the average number of customers in the service system (waiting line and being served) to four?b. For the service rate in part (a), what is the probability that more than four customers are in line and being served?c. For the service rate in part (a), what is the average waiting time in line for each customer? Does this average seem satisfactory for a fast-food business?

Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

The answer & explanation for this question is given in the attachment below.

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Suppose a small business has sales of $15,000 this month, with future sales expected to grow by $1,600 each month. Costs consist
liraira [26]

Answer:

$8,220

Explanation:

According to the scenario, computation of the given data are as follow:-

This month Sales = $15,000

Growth expect in future sales per month = $1,600

Next Month Sales  = Current Month Sales + Growth Expect In Future Sales Per Month

Variable Cost = Total Sale of Current Month × 40%

Gross Profit = Sales - Fixed Cost - Variable Cost

                                            Per Month Gross Profit

Particular  Month 1  Month  2 Month  3 Month  4 Month  5 Month  6 Month  7

Sales ($) 16,600 18,200 19,800 21,400 23,000 24,600 26,200

Less - Fixed cost($) 7,500 7,500 7,500 7,500 7,500 7,500 7,500

Less-Variable cost ($) 6,640 7,280 7,920 8,560 9,200 9,840 10,480

Gross profit ($) 2,460 3,420 4,380 5,340 6,300 7,260 8,220

Gross profit in a single 7 month from now = $8,220

 

7 0
3 years ago
If Apr of a savings account is 2.7% and interest is compounded quarterly, what is the approximate APY of the account
solniwko [45]

Answer:

0.0273 = 2.7%

Explanation:

APY = (1 + r/m)^m - 1

       = (1 + 0.027/4)^4   -  1

       = 0.0273 = 2.73%

8 0
2 years ago
Kwan wants to open a new business in his own country, Singapore. He has decided on a form of licensing that will provide him wit
Sidana [21]

Answer:

A

Explanation:

Direct sales

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3 years ago
What factors are not important in determining exchange rate fluctuations in the long​ run?
Ratling [72]
<span>speculating in currency markets</span>
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3 years ago
Economies of scope are characterized by A. low capital intensity and low resource flexibility. B. high capital intensity and low
nasty-shy [4]

Answer:

C. high capital intensity and high resource flexibility

Explanation:

Economies of scope describe situations in which the long-run average and marginal cost of a company, organization, or economy decreases, due to the production of some complementary goods and services. An economy of scope means that the production of one good reduces the cost of producing another related good.

7 0
3 years ago
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