Answer:
The minimum number of staffs that could be hired is 4
The optimal number of stuff is 6 and The total cost per hour is $114.14
Explanation:
Average arrival rate, λ = 190 per hour
Average service rate, μ = 1 in 1 minute = 60 per hour
The minimum number of servers required for a stable queuing system
= λ/μ
= 190/60
= 3.167
Therefore, The minimum number of staffs that could be hired is 4.
s P0 Lq Server cost per hour = s*18
4 0.029 2.210 72
5 0.039 0.483 90
6 0.041 0.137 108
Waiting cost per hour = Lq*45 Total cost per hour
99.44 171.44
21.72 111.72
6.14 114.14
The total cost is optimal for s = 6.
Therefore, The optimal number of stuff is 6 and The total cost per hour is $114.14
I would say that the test of memory for an eyewitness at an autombile accident would depend on visual memory akin to photographic memory to be able to recall the sequence of events that led to the accident and who hit who and who appeared to be a fault.
Answer:
b.Experience-rating plan
Explanation:
Experience rating is a method of evaluating used by insurance providers to adjust premiums up or down. The rating reflects your previous loss experience. It is based on the presumption that your historical loss experience predicts your future loss experience. In other words, your future losses are likely to be similar to those you incurred in the past. The Experience Rating Plan is mandatory for all eligible insureds. Any action taken in any form to evade the application of an experience modification determined in accordance with this Plan is prohibited. The object of the Experience Rating Plan is to recognize the differences between individual insureds through the use of the individual insured's own loss experience. The experience rating process serves as a means of using a history of past losses to predict the future losses of an insured.
This is done by comparing the experience of an individual insured to the average insured in the same classification. Therefore, using the insured's past experience, the experience modification is determined by comparing the actual losses to expected losses. An insured with better than average experience will produce a credit experience modification factor, while an insured with worse than average experience will produce a debit experience modification factor. A credit experience modification factor, less than 1.00, results in a premium reduction. A debit experience modification factor, greater than 1.00, results in a premium increase. An experience modification factor of 1.00, or unity, does not change premium.
Answer:
2. Unilateral contract
Explanation:
Because in a unilateral, or one-sided, contract, one party, known as the offeror, makes a promise in exchange for an act (or abstention from acting) by another party, known as the offeree.
Answer:
a. $17.44 per hour
b. $43,600 ; $104,640
Explanation:
The computation is shown below:
a. Single plantwide overhead rate equals to
= Total Overhead Amount ÷ Budgeted Direct Labor Hours
where,
Total overhead amount is
= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000
= $2,180,000
And, the budgeted direct labor hours is 125,000
So, the overhead rate is
= $2,180,000 ÷ 125,000
= $17.44 per hour
2. Now the overhead cost is
For Deluxe model
= 2,500 direct labor hours × $17.44 per hour
= $43,600
For basic model
= 6,000 direct labor hours × $17.44 per hour
= $104,640
