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Ipatiy [6.2K]
3 years ago
10

"On average, a customer waits 8 minutes in a queue and customers arrive at a rate of 15 per hour. What is the average number of

customers waiting according to the single-server queue model? "
Business
1 answer:
mote1985 [20]3 years ago
6 0

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!

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A(n) _____ is a business that is based primarily in a single country but acquires some meaningful share of its resources or reve
choli [55]

Answer:

d. international business

Explanation:

A(n) international business is a business that is based primarily in a single country but acquires some meaningful share of its resources or revenues (or both) from other countries.

3 0
3 years ago
"On average, a customer waits 8 minutes in a queue and customers arrive at a rate of 15 per hour. What is the average number of
mote1985 [20]

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!

6 0
3 years ago
AP Mather sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Mather's pur
creativ13 [48]

Answer:

Method   Ending Inventory // COGS

W/A      2,585.75  //  10,549.25

FIFO     2,620     //    10,515

LIFO     2,539    //     10,596

Explanation:

sales: 102 units

Sept. 1 Inventory         12 units $100  $  1,200

Sept. 12 Purchases    45 units $103  $  4,635

Sept. 19 Purchases    50 units $104  $  5,200

<u>Sept. 26 Purchases   20 units $105  $  2, 100</u>

Availalbe for sale      127 units           $ 13, 135

Ending Invenotry     127 - 102 = 25 units

COGS will be calcualte as the difference between the cost of goods and the untis at ending inventory.

<u>Weigthed average:</u>

$13,135 / 127 units = 103,42519685 = 103.43 cost per unit

Ending Inventory: 25 units x $ 103.43 = $ 2.585,75

COGS : 13,135 - 2,585.75 = 10,549,25

<u>FIFO</u>

We sold the first, the last are ending invenotry

20 x 105 = 2,100 september 26th

 5 x 104 =    520 september 19th

Ending      2,620

COGS 13,135  -  2,620 = 10,515

<u>LIFO</u>

We sold the last, the first are ending inventory

12 x 100 = 1,200 September   1st

13 x 103  = 1,339 September 12th

Ending      2,539

COGS  13,135 - 2,620 = 10,596

4 0
3 years ago
9 . Implied interest rate and period Consider the case of the following annuities, and the need to compute either their expected
vodomira [7]

Answer:

IRR 6% for Jabob

His friend will need 12 years saving cash to obtain their collegue funds.

Explanation:

We will solve for the rate being the annuity of 3 payment of 800

and the present value 2,138.41

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 800

time 3

PV 2,138.41

rate ?

800 \times \frac{1-(1+x)^{-3} }{x} = 2,138.41\\  

To solve we can use excel, a financial calculator or trial and error

For excel we will do the following:

write the list of cash through the loan life:

-2,138.41

+800

+800

+800

then we write in the empy cell

=IRR(

select the values and press enter

This will give the IRR which is 6%

For the second assignment:

we need to solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C    3,800

time            n  

rate            0.06

PV $31,897

3800 \times \frac{1-(1+0.06)^{-n} }{0.06} = 31,897\\  

 We work out the formula:

(1+0.06)^{-n} = \frac{31,897\times 0.06}{3,800}

Now we solve the right side and apply logarithmic properties

-n = \frac{log0.503636842&#10;}{log1.06}

-n = -11.77128325

n = 11.77

It will take 12 years to obtain their target amount

3 0
4 years ago
On the first day of its fiscal year, Chin Company issued $10,000,000 of five-year, 7% bonds to finance its operations of produci
Korvikt [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
4 years ago
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