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
Vitek1552 [10]
2 years ago
12

A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the sa

me window. Arrivals follow a Poisson distribution, while service times follow an exponential distribution. If the average number of arrivals is 6 per hour and the service rate is 2 every 15 minutes.
What is the average number of customers in the system?

a. 0.50
b. 1.00
c. 2.25
d. 3.00
e. None of the above

What is the average number of customers waiting in line behind the person being served?

a. 0.50
b. 0.75
c. 2.25
d. 3.00
e. None of the above

What proportion of the time is the server busy?

a. 0.25
b. 0.50
c. 0.75
d. 2.25
e. 3.00
Business
1 answer:
andrew11 [14]2 years ago
7 0

Solution :

The average number of the arrivals, λ = 6 per hour

Average service rate, $\mu = \frac{60 \times 2}{15}$

                                      = 8

Average number of the customers in the system is given by,

    $= \frac{\lambda}{\mu - \lambda }$

   $= \frac{6}{8 - 6 }$

  = 3

Average number of the customers that are waiting in the line behind the person who are being served is,

   $=\frac{\left(\frac{\lambda}{\mu}\right)^2}{1-\frac{\lambda}{\mu}} $

  $=\frac{\left(\frac{6}{8}\right)^2}{1-\frac{6}{8}} $

 $=\frac{(0.75)^2 }{0.25} $

  = 2.25

Proportion of the time the server is busy,

    $=\frac{\lambda}{\mu}$

   $=\frac{6}{8}$

   = 0.75

You might be interested in
Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. W
Daniel [21]
<h3>In the given scenario unemployment rate is 10% </h3>

Explanation:

In the given problem,

Number of People who are working is 90,000

Number of People who are not working but looking and available is 10,000

Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to  work.  

Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))

Unemployment rate = ((10000 * 100) / (90000+10000))

Unemployment rate = (1000000 / 100000)

Hence, Unemployment rate = 10%

5 0
3 years ago
Read 2 more answers
Globalization has been driven by five major factors: political, technological, market, cost, and competitive. Business has fuele
maria [59]

Answer:

<u>Competitive Drivers </u>

Description

Explosive growth in international business

Implication for Business

Intense competition in world markets

Globalization has led to an explosive growth in international.business which has led to increased competition amongst companies because they now have to compete on a global scale against numerous companies in various locales.

<u>Political Drivers </u>

Description

Preferential trading arrangements and privatization of industries

Implications for Business

Increased opportunities for trade and investment

Some Countries offer great trading agreements this enabling companies to trade in other countries. This opportunity means that there are increased opportunities for trade by companies in the countries involved in the agreement.

<u>Cost Drivers</u>

Description

Exporting or producing Overseas

Implications for Business

Lower Cost of Goods sold

Globalization has enabled companies to be able to produce in cheaper markets for labor such as in Asia and Africa. This has led to a lower cost of goods sold and therefore higher profits.

<u>Technological Drivers </u>

Description

Explosive growth of high-power, low-cost computing

Implications for Business

Growth in Services.

Driving Globalization is an increased use of technology by human beings. The world is now connected by mere seconds which has enabled companies to derived clients all over the world this enabling them to offer more services.

<u>Market Drivers </u>

Description

Emergence of Global Customers

<u>Implications for Business</u>

New Opportunities and New Markets.

Another factor driving Globalization is the availability of new markets to sell their goods in in different territories. Companies can therefore have an increased demand base which will mean more Profitability.

5 0
3 years ago
What does ships in 1 2 business days mean?
Verdich [7]
It means your order should leave (usually does not mean always) the warehouse ( or the store) within 1 or 2 days after your order is received.

The arrival time will depend on how your order is shipped.
8 0
3 years ago
Read 2 more answers
What is the present value of the following cash-flow stream if the interest rate is 5%? (Do not round intermediate calculations.
kodGreya [7K]

Answer:

Total PV= $948.6

Explanation:

Giving the following information:

Year Cash Flow

1 $250

2 450

3 350

Interest rate= 5%

<u>To calculate the present value, we need to use the following formula on each cash flow:</u>

PV = Cf/(1+i)^n

PV1= 250/1.05= 238.1

PV2= 450/1.05^2= 408.16

PV3= 350/1.05^3=  302.34

Total PV= $948.6

6 0
3 years ago
In October 2010, the amount of money held by individuals and companies was $987.1 billion; checkable deposits owed by individual
frutty [35]

Answer:

$1,554.4

Explanation:

Given:

The amount of money held by individuals and companies = $987.1 billion

Checkable deposits owed by individuals and companies = $567.3 billion

Money market funds = $1.045 trillion

Savings deposits = $562.3 billion

Time deposits = $324.2 billion

Now,

The M1 amount is calculates as:

= The amount of money held by individuals + Checkable deposits owed by individuals and companies

= $987.1 billion +  $567.3 billion

= $1,554.4

8 0
3 years ago
Other questions:
  • Capacity is:_______
    15·1 answer
  • If the Canadian dollar is strengthening, then:
    10·1 answer
  • One form of warehousing that features light manufacturing and packaging duties and allows firms to put off final assembly or pac
    11·1 answer
  • You are an industry You are an industry analyst that specializes in an industry where the market inverse demand is P = 200 - 5Q.
    10·1 answer
  • Shaffer Corporation issued 180, $1,000, 10% convertible bonds in 2019 at face value. Each bond is convertible into 100 shares of
    6·1 answer
  • Which of the following is a potential benefit of inflation?
    14·2 answers
  • Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, wh
    10·1 answer
  • On April 23, Mrs. Y purchased a taxi business from Mr. M for a $60,000 lump-sum price. The business consisted of a two-year-old
    12·1 answer
  • the initial valuation of purchased intangible assets requires that the intangible asset is recorded at
    15·1 answer
  • Brandon has presented the possible requirements for the next sprint. The development team has asked questions and has clarificat
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!