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On September 1, Joe's Painting Service borrows $150,000 from National Bank on a 4-month, $150,000, 6% note. What entry must Joe'
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Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.
<u>Explanation:</u>
The problem is that of Multiple-server Queuing Model.
Number of servers, M = 2.
Arrival rate, = 6 boats per hour.
Service rate, = 10 boats per hour.
Probability of zero boats in the system, = 0.5385
<u>Average number of boats waiting in line for service:</u>
Lq =
= = 0.0593 boats.
The average time a boat will spend waiting for service, Wq = 0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.
The average time a boat will spend at the dock, W = 0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.