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motikmotik
3 years ago
5

During finals week, students arrive randomly at the help desk of the computer lab. There is only one technician due to budget cu

ts, and the time required to provide service varies from student to student. The average arrival rate is 15 students per hour, and the average service rate is 20 students per hour. Arrival rates have been found to follow the Poisson distribution, and the service times follow the exponential distribution. What is the average time spent waiting in line for each student?"
Business
1 answer:
KonstantinChe [14]3 years ago
5 0

Answer:

The average time spent waiting in line for each student is 2.25 students.

Explanation:

Use Lq with a single server formula.

λ = Avg arrival rate  = 15 std/hr

μ= Avg server rate (individual server capacity) = 20 std/hr

Μ = # of servers/line (identical capacities)

= λ^{2}/μ(μ- λ)

=15^{2} / 20(20-15)

= 225/100

=2.25 students.

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At the beginning of January of the current year, Little Mikey's Catering ledger reflected a normal balance of $70,000 for accoun
inysia [295]

Answer:

end of January  balance in the accounts receivable account should be $65900

Explanation:

given data

accounts receivable = $70,000

customers on account = $18,400

account totaling = $14,300

services to be provided  = $6,800

to find out

balance in the accounts receivable account

solution

balance in the accounts receivable account will be find as

Balance of Accounts Receivable = Beginning balance + Revenue from earned services - Collections during the period     ........................1

put here value

Balance of Accounts Receivable  = 70000 + 14300 - 18400

Balance of Accounts Receivable  = $65900

so  

end of January  balance in the accounts receivable account should be $65900

7 0
3 years ago
An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find th
Hunter-Best [27]

The amount of money in the account at the end of the period will be $2907.89.

<h3>What is the investment?</h3>
  • The dedication of an asset to achieve a gain in value through time is referred to as an investment.
  • Investment necessitates the sacrifice of a current item, such as time, money, or effort.
  • The goal of investing in finance is to earn a return on the invested asset.
  • A gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a mix of capital gain and income, may constitute the return.
<h3>To find the amount of money in the account at the end of the period:</h3>

Step 1: Define

Identify variables

P = 930

t = 19

r = 6% = 0.06

Step 2: Find Interest

Substitute in variables [Compounded Continuously Formula]: A=930e^{} ^{19*0.06}                  

[Exponents] Multiply:    

A=930e^{1.14}                                                                                  

Evaluate exponents:            

A=930(3.12677)                                                                            

Multiply:            

A=2907.89

Therefore, the amount of money in the account at the end of the period will be $2907.89.

Know more about investment here:

brainly.com/question/25300925

#SPJ4                                                                                      

5 0
2 years ago
When the accounts of Blue Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual
torisob [31]

Answer:

1.-

insurance expense   1,020 debit

    prepaid  insurance              1,020 credit

2.-

rent revenue   1,650 debit

            cash                          1,650 credit

cash      1,650 debit

   unearned revenue      1,650 credit

unearned revenue    1,100 debit

   rent revenue                      1,100 credit

3.-

advertizing expense    535 debit

    advertizing supplies          535 credit

4.-

interest expense     802 debit

      interest payable         802 credit

Explanation:

2-years of 4,896 AKA 24 months

months outstanding during the year: August 1st to December 31th: 5 months

4,896 x 5/24 = 1,020

purchases of advertising materials  801

materials on hand at year-end       <u> (266)  </u>

advertising expense                         535

we must reverse the entry as the rent revenue wasn't accrued yet we have unearned revenue and at year-end we adjust for the earned protion which is 2 months: 1,650 x 2/3 = 1,100

as the inerest are accrued it means we aren't paying them at year-end

5 0
3 years ago
Copper Conduit, Inc., and Dependable Electric Company sign an agreement that provides for the payment of "$1,000 by whichever pa
ASHA 777 [7]

Answer:

A liquidated damages clause

Explanation:

A liquidated damages clause or provision is included in an agreement specifying an amount of money that establishes the damages that will be recovered by one party in the event of another party's breach to the contract.

Liquidated damages are agreed upon by parties to the contract at the time of signing the agreement.

In this scenario, the provision of $1,000 in the agreement constitutes a liquidated damages clause.

6 0
3 years ago
The text states, “inflation is a type of tax.” This tax refers to _____ when inflation occurs.
natita [175]

The text states, “inflation is a type of tax.” This tax refers to the lower purchasing power of money  when inflation occurs.

Answer:

C. the lower purchasing power of money

3 0
3 years ago
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