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Licemer1 [7]
3 years ago
5

McNeese is determining the staffing level for their credit union located within the university. The beginning of the fall semest

er is their busiest time, with incoming freshmen and transfer students opening accounts. On average, it takes a teller 10 minutes to successfully open an account. Currently, the average arrival rate has been 6 per hour.
Required:
a. Considering the distribution of the service time, what is Pr(ts < 2*E[ts])
b. What is the average service rate.
Business
1 answer:
ad-work [718]3 years ago
7 0

Answer:

Check the explanation

Explanation:

Average Service Rate

Time to complete request from 1 customer – 10 minutes = 10/60 = 0.16

Average time in line

Utilization of employee = Customer arriving in a single line per hour / Number of customer that a teller can serve in our

= 3/6 = 0.5

Average number of customer in line = 3*3/6(6- 3)

                                                               = 9/18= 0.5

Average time in Line = 0.5/ 3 = 0.16 hr

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When an organization adds up all the expenses for hiring five new engineers, including advertising costs, relocation costs, and
avanturin [10]

Answer:

<u>Cost per hire </u>

Explanation:

Cost per hire is the sum total of total costs incurred on hiring new recruits divided by no of new recruits.

Mathematically it is expressed as,

Cost per hire = \frac{Internal\ Recruitment\ cost\ +\ external\ recruitment\ costs}{Number\ of\ new\ recruits}

Cost per hire allocates all those expenses incurred in relation to hiring new recruits and calculating per head cost of hiring a new recruit.

The services which an organization avails from it's employees is then weighed against this cost that relates to each individual.

3 0
3 years ago
Which of the following is considered to be a "super tool" or tool that has high use and high potential for improving project suc
aalyn [17]

Answer:

C. progress reports

Explanation:

A progress report is a document which prepared and maintained so as to track the progress of the project in a course of time.

The progress report contains the outlines of the activities that has been carried out and how much the tasks has been completed.

It also records the milestones that has been achieved according to the project plan.

The project report can be prepared daily, weekly or in a specific interval of time according to the scale of the project.

5 0
4 years ago
Josiah Warren's utopian societies included stores where goods were exchanged according to the amount of work a person completed.
emmasim [6.3K]

Answer:

A) True

The statement is true.

6 0
4 years ago
Treasury bills are paying a 4% rate of return. A risk-averse investor with a risk aversion of A = 3 should invest entirely in a
Tomtit [17]

Answer:

Answer is 12.64%. Therefore,

Treasury bills are paying a 4% rate of return. A risk-averse investor with a risk aversion of A = 3 should invest entirely in a risky portfolio with a standard deviation of 24% only if the risky portfolio's expected return is at least 12.64%.

Refer below for the explanation.

Explanation:

E - 4%= 0.5(3)(24%)2

E=12.64%

7 0
4 years ago
Read 2 more answers
Through fraudulent means, Frank induces Ethel to sign a contract to invest with him the profits from her business. When Ethel le
Andreas93 [3]

Answer:

a. ​enforce the contract or recover what she invested with Finlay.

Explanation:

From the question we are informed about Frank which Through fraudulent means, he induces Ethel to sign a contract to invest with him the profits from her business. In this case When Ethel learns the truth, she may enforce the contract or recover what she invested with Frank. Contract can be regarded as an agreement that exist between two parties which could be private parties to create obligation which is mutual and is enforceable under law, element needed for a contract to be valid is that there must be valid offer as well as acceptance.

3 0
3 years ago
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