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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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5 0
2 years ago
Who Done It Mystery Theater sells tickets for dinner and a show for $ 40 each. The cost of providing dinner is $ 22 per ticket a
Readme [11.4K]

Answer:

$18

Explanation:

The contribution margin per patron is the ratio of the total contribution to the number of patrons. The total contribution is the difference between the total sales and the total variable cost.

Hence, the contribution per matron may also be derived as the difference between the sales per patron and the variable cost per patron.

The variable cost here is the cost of providing dinner per ticket as such,

Contribution margin per patron

= $40 - $22

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6 0
3 years ago
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the
Allisa [31]

Answer:

Cobras Incorporated

Trial Balance as at March 31.

                                             Debit          Credit

Supplies                                 $1,100

Buildings                             $41,000

Cash                                      $2,100

Accounts Receivable          $2,800

Prepaid Insurance                 $1,100

Salaries Payable                                        $300

Accounts Payable                                   $1,500

Common Stock                                      $21,000

Retained Earnings                                 $14,500

Service Revenue                                    $18,100

Utilities Expense                 $2,300

Salaries Expense                $5,000

Totals                                 $55,000     $55,000

Explanation:

A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.

7 0
2 years ago
An investor buys 100 shares of walmart at $45 per share on margin with an initial margin of 70% and a maintenance margin of 25%.
lana [24]
6250 + 56 = 6250 price
6 0
3 years ago
What academic requirements should be completed to be a public relations specialist
allochka39001 [22]

Answer: A 4-year bachelor's degree in a PR-related area like journalism, marketing or communications is frequently required for entry-level positions. Many colleges or universities offer specific public relations certificate programs or majors.

Explanation:

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