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Black_prince [1.1K]
3 years ago
15

Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl

oyment rate is ________ and the participation rate is __________.\
Business
1 answer:
maksim [4K]3 years ago
3 0
These are the answers

1. 8.3%
2. 60%
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Travel-Cheap agency is planning to open a ticket desk in a new shopping plaza, staffed by one ticket agent. It is estimated that
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Answer:

(a) 75% (b) 25% (c) 2.25 customers (d) 12 minutes (e) 0.25 (f)0.237

Explanation:

Solution

Given that:

The Arrival rate at Poisson distribution = 15 per hour = λ

The Service rate at exponential distribution = 20 per hour = μ

(a) System utilization = λ/μ = 15 / 20 = 0.75 = 75%

(b) The Probability of zero requests in server = 1 - λ/μ = 1 - 0.75 = 0.25

or

The percentage of time server will be idle = 25%

(c)The expected number of customers waiting to be served = Average number of customers in line = λ^2/μ (μ-λ ) = 225 /20(20-15) = 45 /20 = 2.25

Therefore, it is expected that on an average, 2.25 customers are waiting in line to get served.

(d)The average time customers will spend in system = 1/(μ-λ )

=1/(20 - 15) = 1/5 hours = 12 minutes

(e)The probability of zero customer in system = 1 -λ/μ = 1 - 0.75 = 0.25

(f) The probability of more than 4 customers in the system = (λ/μ)^ 4+1

=  (15/20)5 = 0.237

7 0
4 years ago
Question 4 of 8 > For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggrega
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Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).

A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.

What is short run and long run aggregate supply?

The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.

To learn more about aggregate supply here

brainly.com/question/29349235

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7 0
2 years ago
Discussion topic
KiRa [710]

Explanation:

for me I feel that if you put something on the line maybe like money or a huge deal. Then you put them together to work on it

4 0
3 years ago
Mortgage lenders probably have the most interest in the ______ ratios. a. long-term debt and times interest earned b. return on
shtirl [24]

Answer:

A. Long-term debt and times interest earned

Explanation:

A Mortgage lender is an individual or an organization that loans money and take security interest in real property. The loan or money gotten from mortgage lenders are mainly used in purchasing real estate or for any purpose, while putting a lien on the property being mortgaged. Mortgage lenders most interest is in long term debts and times interest earned by long term mortgage rate is usually higher than short term and also secured the borrowers their payments and interest rates for a good period of time.

3 0
3 years ago
Read 2 more answers
Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2017. With respect to one-third of the inven
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Answer:

Cost of goods sold.

Explanation:

Equity method in accounting is the process by which profits and losses of a company are allocated on the basis of investments made in it. Take for example a parent company has a 40% stake in a subsidiary. When the subsidiary makes profit or loss the parent company recieves a share.

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To account for unrecognised intra-entity profit a credit will be passed to cost of goods sold.

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4 years ago
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