1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katovenus [111]
3 years ago
8

At the start of football season, the ticket office gets very busy the day before the first game. Customers arrive at the rate of

four every 10 minutes, and the average time to transact business is 2 minutes. The average number of people in line is customers (round your response to one decimal place). The average time that a person will spend at the ticket office is minutes (enter your response as a whole number). The proportion of time that the server is busy is (round your response to one decimal place).
Business
1 answer:
ipn [44]3 years ago
7 0

Answer:

(a) 3.2

(b) 10 minutes

(c) 0.8

Explanation:

Mean number of customer in service:

= Arrival rate ÷ service rate

= 24 in 60 min ÷ 30 in 60 min

= 24 ÷ 30

= 0.8

a) Average number of people in line:

= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)

= 0.8 × (24 ÷ 6 )

= 3.2

b) Average time spend at the ticket office is = 10 minutes

c) Proportion of time server is busy:

= Arrival rate ÷  service rate

= (24 in 60 min ÷  30 in 60 min)

= 24 ÷ 30

= 0.8

You might be interested in
Which commercial lodging type is located on or near u.s. installations, is operated by a commercial lodging company, and is corp
Volgvan
<span>Which commercial lodging type is located on or near U.S. installations, is operated by a commercial lodging company, and is corporately branded? DoD Privatized Lodging. DoD stands for Department of Defense. This type of lodging is found near or on U.S. military installations and used for government travel.  </span>
6 0
3 years ago
9. Suppose an investor has two choices:Choice 1: invest in a Bond A which is a 2-year bond with an interest rate of 12% Choice B
statuscvo [17]

Answer:

the answer is (C) both of the choices would produce the same return

6 0
3 years ago
Which of the following, identified in an analysis of the general environment, is an opportunity for an entrepreneur who wishes t
kvasek [131]

Answer:

a. The average age of the population in his community is high.

Explanation:

As the average age of the population in his community is high, it is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people because people will be more interested in the physical conditioning services and they will be attracted towards it as when the age rises, people become more interested in the health related activities, therefore, chances are very high that this will pose a serious and profitable opportunity for the entrepreneur in that particular city. He or she can definitely capture this opportunity very handsomely and profitably.

5 0
3 years ago
If the demand for insulin is inelastic, an increase in insulin prices leads to
exis [7]
Extent to which the demand<span> for a good changes when income changes.</span>
6 0
3 years ago
Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts tot
Andreas93 [3]

Answer:

The company needs to borrow $25000 and option B is the correct answer.

Explanation:

If the ending amount of cash for the year is less than the desired ending balance, then the company will need to borrow to maintain the desired level of cash balance.

To calculate the amount needed to be borrowed, we first compute the ending cash balance for December. The ending cash balance will be,

Closing Balance = Opening Balance + Receipts - Payments

Closing Balance - December = 14000 + 127000 - 126000

Closing Balance - December = $15000

The difference between the closing cash balance and the desired closing cash balance is the amount that the firm will need to borrow.

Amount need to be borrowed = 40000 - 15000  =  $25000

6 0
3 years ago
Other questions:
  • Choose five of the ethical behaviors (enthusiasm, quality, cooperation, productivity, and safety) and post five rules that you w
    6·1 answer
  • A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools
    12·1 answer
  • All of the following statements concerning shortage are true, EXCEPT: Group of answer choices
    13·1 answer
  • Which Internet technology allows businesses to make presentations and share visual aids such as charts and graphs?
    13·2 answers
  • Heidi is an energy drink salesperson. When selling her firm's drinks in the United States, she emphasizes how they will give con
    15·1 answer
  • Which of the following is the primary cause of salary compression? A. taxes B. inflation C. interest rates D. collective bargain
    14·1 answer
  • Question 5 of 10
    8·1 answer
  • A prospective MBA student earns $45,000 per year in her current job and expects that amount to increase by 12% per year. She is
    10·1 answer
  • This question has 2 parts
    8·1 answer
  • The process of dividing work activities into separate job tasks is known as ________.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!