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,![\mathrm{PO}=1 /\{[(1 / 0 !) \times(6 / 10) 0+(1 / 1 !) \times(6 / 10) 1]+[(6 / 10) 2 /(2 ! \times(1-(6 /(2 \times 10)))]\}](https://tex.z-dn.net/?f=%5Cmathrm%7BPO%7D%3D1%20%2F%5C%7B%5B%281%20%2F%200%20%21%29%20%5Ctimes%286%20%2F%2010%29%200%2B%281%20%2F%201%20%21%29%20%5Ctimes%286%20%2F%2010%29%201%5D%2B%5B%286%20%2F%2010%29%202%20%2F%282%20%21%20%5Ctimes%281-%286%20%2F%282%20%5Ctimes%2010%29%29%29%5D%5C%7D)
= 0.5385
<u>Average number of boats waiting in line for service:</u>
Lq =![[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0](https://tex.z-dn.net/?f=%5B%5Clambda.%5Cmu.%28%20%5Clambda%20%2F%20%5Cmu%20%29M%20%2F%20%7B%28M%20%E2%80%93%201%29%21%20%28M.%20%5Cmu%20%E2%80%93%20%5Clambda%20%292%7D%5D%20x%20P0)
= ![[\{6 \times 10 \times(6 / 10) 2\} /\{(2-1) ! \times((2 \times 10)-6) 2\}] \times 0.5385](https://tex.z-dn.net/?f=%5B%5C%7B6%20%5Ctimes%2010%20%5Ctimes%286%20%2F%2010%29%202%5C%7D%20%2F%5C%7B%282-1%29%20%21%20%5Ctimes%28%282%20%5Ctimes%2010%29-6%29%202%5C%7D%5D%20%5Ctimes%200.5385)
= 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.
The three methods used to classify costs into their fixed and variable components include:
- scatter diagrams
- high-low method
- regression analysis
<h3>What is a
costs classification?</h3>
This refers to the process of separation of a group of expenses into different categories which are used to bring an management's attention certain costs that are considered more crucial than others, or to engage in financial modeling.
Often time, the purpose of cost classification is to allows the manager control processes and cut costs where needed or send more resources to an area of the process that is lacking.
Furthermore, the cost classification also allows the manage to review reports and advise accounting of needed adjustments in cost classification.
Read more about costs classification
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Answer: PLEASE see below for answer
Explanation: An excludable good is referred to as a private good which restrict people from using them while a non excludable goods are public goods that do not place restriction an so people can access them eg park .
Also, Non-rivalrous goods are those goods that even though consumed by the people will not cause shortage of the availability of the same goods to others. A rivalrous good is the opposite as it causes shortage in availability to others when used.
National Defence----Non excludable and Non Rivalrous
Pay-Per-View cable television---Excludable and NonRivalrous
a Hot Pocket sandwich--- Excludable and Rivalrous
private classroom education--- Excludable and Rivalrous
pajamas--- Excludable and Rivalrous
a unicycle ---- Excludable and Rivalrous
Answer:
a. False
Explanation:
A "primary transaction" refers to the selling of <em>new stocks and bonds</em> for the first time towards the public. A great example of this is the "Initial Public Offering" <em>(IPO)</em> which allows "public share issuance."
On the other hand, a "secondary transaction" refers to the<em> trading of investors among themselves.</em> There is no involvement of the issuing companies here. So, this means that if an investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock market,<u> the transaction</u><u> doesn't directly involve the issuing compan</u><u>y.</u> This kind of transaction is then called "secondary."
So, this explains the answer.
