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lidiya [134]
4 years ago
8

A vending machine dispenses hot chocolate or coffee. Service time is 20 seconds per cup and is constant. Customers arrive at a m

ean rate of 64 per hour, and this rate is Poisson-distributed.
a. Determine the average number of customers waiting in line. (Round your answer to 2 decimal places.) Average number of customer
b. Determine the average time customers spend in the system. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average time minutes
c. Determine the average number of customers in the system. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average number customers

Business
1 answer:
Leni [432]4 years ago
7 0

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

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Were you to have information about the salaries of various levels of employees in each company, what would you use (mean, median
Usimov [2.4K]

We will use median to calculate various level of salaries of different employees.

Every individual has incomes and expenditures and some savings for the purpose of preparation of budget. Calculation of wealth can differ accordingly as wealth of the different employees would be different as per their earning.

There would be different employees in each company and taking out calculations on the basis of mean would not give any final result. Mode is the result of expected outcomes and will not give exact results. Hence, median would not be affected by small or large numbers so median would give exact results.

To learn more about median here,

brainly.com/question/21396105

#SPJ4

3 0
2 years ago
Consider the following simplified balance sheet of a commercial bank: ASSETS LIABILITIES Vault cash $200 $3500 Deposits Deposits
andrezito [222]

Answer:

Check the following calculations

Explanation:

(a)

Actual Reserves = Vault cash + Deposits at the Federal Reserve

Actual Reserves = $200 + $300

Actual Reserves = $500

The actual reserves are $500.

Calculate Required Reserves -

Required Reserves = Deposits * Required reserve ratio

Required Reserves = $3500 * 0.10 = $350

The required reserves are $350.

Calculate Excess Reserves -

Excess reserves = Actual reserves - Required Reserves

Excess reserves = $500 - $350 = $150

The Excess reserves are $150.

(b)

A bank can increase the amount of its loan by the amount of excess reserves it held.

This bank has excess reserves of $150.

So, this bank can increase its loans by $150.

(c)

Calculate Money multiplier -

Money multiplier = 1/Required reserve ratio = 1/0.10 = 10

The money multiplier is equal to 10.

(d)

Calculate total expansion of loan by entire banking system -

Total expansion = Increase in loan by individual bank * Money multiplier

Total expansion = $150 * 10 = $1,500

The entire banking system can expand their loans by $1,500.

(e)

The new wealth directly created from this expansion of deposits is equal to the quantum of expansion in deposits.

The deposits has expanded by $1,500.

So, new wealth directly created from this expansion of deposits is $1,500.

5 0
3 years ago
A merchandiser returned inventory worth $1,400 that was purchased on account. Under the periodic inventory system, the joumal
cestrela7 [59]

Answer:

a debit to Accounts Payable for $1,400 and a $1,400 credit to Purchase Returns allowances

Explanation:

Periodic inventory system is one that updates information on inventory on a periodic basis. This is opposite of perpetual inventory system that requires update of inventory system at all times.

In the scenario the merchandiser bought the goods on account. That means he did not pay cash but rather bought on credit.

On purchasing the items accounts payable will be credited thereby increasing the account balance.

Since the items are being returned a debit will be applied to accounts payable resulting in a decrease in the account balance.

A credit will now be posted to purchase returns allowances to show that products have been returned by a buyer

4 0
3 years ago
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $14,000 Current assets $3
Sav [38]

Answer:

The sustainable growth rate is 16.52%

Explanation:

To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:

= 1 – payout ratio

= 1 – 0.16

=0.84 or 84%

Now, we use the formula of substantial growth rate which is shown below:

= (Return on equity × retention ratio) ÷ { 1 -  (Return on equity × retention ratio)}

where,

Return on equity = (Net income ÷ total equity) × 100

                            = ($3,640 ÷ $21,560) × 100

                            = 16.88%

= (16.88% × 84%) ÷ ( 1 -  16.88% × 84%)

= 0.141792 ÷ (1 -  0.141792 )

= 0.141792  ÷ 0.858208

= 0.1652 or 16.52%

8 0
3 years ago
Select the correct answer. Which skill ensures that you follow fair/legal practices in your work and while dealing with people i
kicyunya [14]

Answer:

E

Explanation:

When following corporate ethics, you are proving that you are following your company's ethics and expectations of appropriate behavior.

4 0
3 years ago
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