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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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A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th
Ivanshal [37]

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

7 0
3 years ago
Stretch goals" can be described as
inn [45]
You can describe stretch goals as goals placed above the ones you need or strive to achieve, as a secondary objective. Think of achieving a stretch goal as doing even better than expected.
4 0
3 years ago
g The effect on revenue due to a marginal increase in the input is called the marginal revenue product. Match the statements bel
morpeh [17]

Answer:

Statement true for Imperfect Competition Markets

Explanation:

Marginal Revenue Product is additional revenue due to hiring of additional input, it is product of marginal product & marginal revenue = MP x MR

Value Marginal Product is money value of additional production with additional input, product of marginal product (MP) & price (AR), = MP x AR

Input demand curves are derived demand curves, derived from demand of final goods. In perfect competition, demand is perfectly inelastic & horizontal, AR = MR, so MRP = VMP in this case. In imperfect competition market (oligopoly, monopoly etc) - MR < AR, so MRP < VMP in this case.

5 0
3 years ago
Ribelin Corporation is adding a new product line that will require an investment of $218,000. The product line is estimated to g
Vikentia [17]

Answer:

C. Payback is 10 years

Explanation:

Payback is the number of years it will takes to recover the initial investment, which in this case translates to: how long will it take for Ribelin Corpration to recover the  $218,000 investment given the stated cash-flows.

Year Cash-flow     Balance

0        (218,000.00)        (218,000.00)

1        32,000.00            (186,000.00)

2        18,000.00            (168,000.00)

3        21,000.00             (147,000.00)

4         21,000.00             (126,000.00)

5        21,000.00              (105,000.00)

6        21,000.00              (84,000.00)

7        21,000.00               (63,000.00)

8       21,000.00                (42,000.00)

9        21,000.00               (21,000.00)

10        21,000.00                -    

11        21,000.00             21,000.00  

12        21,000.00            42,000.00  

By end of year 10, total inflows are exactly equal the initial investment, therefore it will take them 10 years

6 0
3 years ago
Which of the following statements about advertising is most accurate? Advertising is the least costly form of promotion because
jek_recluse [69]

Answer:

The correct answer is letter "E": Through advertising, a company can control, to some extent, to whom the message is sent.

Explanation:

Advertising is the main key to Marketing by which companies promote their goods or services in an attempt to attract a target population. However, the process of determining what advertising technique a firm will use is not that simple. A series of psychological approaches are used to reach consumers strategically.

<em>Companies at a certain level, manage their marketing audience. Though, different mediums of communication allow people of all kinds, not necessarily the company's target population, to be aware of the promotion somehow.</em>

8 0
3 years ago
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