Answer:
The Answer is A) 2
Explanation:
Drawing details from the question, the formula for calculating Average Waiting Time under the Single -Server Queue Model is given as:
Average Waiting Time = <u>(Average No of customers waiting in line</u>)
λ
> λ is a mathematical symbol pronounced Lambda and here refers to <em>Rate of Arrival.</em>
> We have Average Waiting Time = 8
> We have λ (Average Rate of Arrival) = 15 People every hour (that is 60 Minutes)
> that is 15/60= 0.25
Therefore λ = 0.25
> Lets assume that Average No. of Customers Waiting in Line is C
Our formula (by substituting the various factors above now becomes
8 = C/0.25
To get, we cross multiply. So we have:
C = 8 x 0.25
C = 2 thefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.
Cheers!
Some ergonomic considerations for auditors include safety, comfort, efficiency in performance, and efficiency in productivity to name a few.
<h3>Who is an auditor?</h3>
A professional who is involved in the scrutiny of the financial statements and records of an organization and the one who is responsible for verification of actual transactions with business records, is an auditor.
Hence, the significance of an auditor is aforementioned.
Learn more about an auditor here:
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Answer:
The answer is significantly.
Explanation:
Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.
The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors
Answer:
A company whose products differ in batch size and complexity and consume different amounts of overhead resources
Explanation:
Plantwide overhead rate is the overheads absorption rate calculated based on the total entity activity. This is ideal when when product consume overheads in <em>same</em> manner but in <em>different</em> quantities.
Answer:
population shift
Explanation:
immigration, population growth: As the population grows or shrinks, the labor supply will tend to shift to the right or to the left. In a competitive labor market, the wage has two properties:
1. It adjusts to make supply and demand for labor equal.
2. It equals the value of the marginal product of labor.