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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 C1 and C2 form a partition of sample space S. Suppose A and B are two events such that the following statements are true
kirza4 [7]

Answer:

Option b. A and B are conditionally independent given C2.

Explanation:

The conditional probability of an event is the probability that a given event will occur given that another event, say A has already occurred.

In a case where events A and B are independent (in this case, where the probability of A has no  effect on the probability of B occurring), the conditional probability of an event B given that A has taken place is simply the probability of the event A.

If the two events are not independent, then the probability of an event occurs as an intersection of set A and B.

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4 years ago
Can someone help what is the title of this book? please ​
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Can’t see it, it’s really blurry!
7 0
3 years ago
Diana likes Anakia, a tent-making company. When she saw the latest ad for its tents, she could recall how sturdy and easy to use
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4 years ago
Special Plc has an issued share capital at 1 January 2019 of 1,000,000 ordinary shares of 20p each and 50,000 convertible prefer
coldgirl [10]

Answer:

A. £4.15

B.£4

Explanation:

A. Calculation for the diluted EPS for 2019

Using this formula

2019 Diluted EPS =(Earnings after tax for the year ended-Preferred Dividends)/Total Diluted Shares Outstanding

Let plug in the formula

2019 Diluted EPS=[£5,000,000-(£2.50 per share*50,000)/£1,000,000+ (£250,000*500/£1,000)+(50,000*£1)]

2019 Diluted EPS=[£5,000,000-(£2.50 per share*50,000)/£1,000,000+ (£250,000*0.5)+(50,000*£1)]

2019 Diluted EPS=[(£5,000,000-£125,000)/(£1,000,000+£125,000+£50,000)]

2019 Diluted EPS=£4,875,000/£1,175,000

2019 Diluted EPS=£4.15

Therefore 2019 Diluted EPS (Earning per share) will be £4.15

B. Calculation for the diluted EPS assuming that the convertible preference shares were receiving a dividend of £6 per share instead of £2.50.

Diluted EPS=[£5,000,000-(£6 per share*50,000)/£1,000,000+ (£250,000*500/£1,000)+(50,000*£1)]

Diluted EPS=[£5,000,000-(£6 per share*50,000)/£1,000,000+ (£250,000*0.5)+(50,000*£1)]

Diluted EPS=[(£5,000,000-£300,000)/(£1,000,000+£125,000+£50,000)]

Diluted EPS=£4,700,000/£1,175,000

Diluted EPS=£4

Therefore the Diluted EPS (Earning per share) will be £4

6 0
3 years ago
The standard direct labor cost per unit for a company was $24 (= $15 per hour × 1.6 hours per unit). During the period, actual d
pentagon [3]

Answer:

$3,135 unfavorable

$9,937.50 unfavorable

Explanation:

The formula and the computation of the direct labor price and efficiency variance is shown below:

Direct labor price variance

= (Standard rate - Actual rate) × Actual hours of production

= ($15- $145,600 ÷ 9,500 hours )  × 9,500 labor hour worked

= ($15 - $15.33) × 9,500 labor hour worked

= $3,135 unfavorable

Labor efficiency variance is

= (Actual production - standard production) × standard rate per unit

= (6,600 units - 9,500 hours ÷ 1.6 hours) × $15

= (6,600 units - 5,937.0) × $15

= $9,937.50 unfavorable

Since the actual hours is  more than the standard one so it would lead to unfavorable variance

4 0
3 years ago
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