FDI , Foreign direct investment
I think the correct answer would be false. The automobile will remain the primary source of transportation. As we can see today, almost all of the people use automobile to go to different places. As we see in the road, different vehicles are present. Also, the automobile industry, recently, is a booming industry. We have different models, colors, brands and specifications of the vehicles. I think the use of automobiles as the primary source of transportation would still go for many years as it is the most convenient and comfortable transportation as compared to others like bicycle, train and motorcycle.
Complete Question
A waiting line problem has an average of 250 arrivals per eight hour day. Suppose there are several servers, and each has an average service time of 8 minutes. (Assume Poisson arrivals and exponential service times.)
What is the average service rate of a server per hour?
Answer:
7½ arrivals per hour
Explanation:
Given
Arrivals = 250 arrivals per 8 hour day
Service Time of Servers = 8 minutes
The service time of Servers is given as 8 minutes.
This means that; on average, a server will attend to 1 arrival in every 8 minutes.
Calculating this per hour;
Average service rate of a server per hour = Service Rate * 1 hour per hour
Average service rate of a server per hour = 1 arrival per 8 minutes * 1 hour per hour
(1 hour = 60 minutes);
So, we have.
Average service rate of a server per hour = 1/8minutes * 60minutes/hour
= ⅛ * 60 arrivals/hour
= 60/8 arrivals/hour
= 7½ arrivals per hour
Answer:
The correct answer to this question is that the amount of loss suffered by Bennett cannot be taken out because no information has been given in the question regarding sale of the land.
Explanation:
In the given above question Bennett purchased a tract of land for $20,000 in 2012, thinking that the value of land would increase to $200,000 when the new highway would be constructed but that didn't happen and the value of the property fell to $15,000. Here we can't tell anything about the loss suffered by Bennett because there has been no information given regarding the selling of the land and if he hasn't sold the land then that means there is no loss.
If he would have sold the land then he would have suffered a loss of $5000($20,000 -$15,000).
