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Alchen [17]
3 years ago
8

You are planning a bank. You plan for six tellers. Tellers take 15 minutes per customer with a standard deviation of 7 minutes.

Customers arrive one every three minutes according to an exponential distribution (recall that the standard deviation is equal to the mean). Every customer that arrives eventually gets serviced.On average how many customer would be waiting in line?On average how many would a customer spend in the bank?If a customer arrived, saw the line, and decided not to get in line, that customer h____.A customer who enters the line but decides to leave the line before

Business
1 answer:
Oduvanchick [21]3 years ago
8 0

Answer:

<u>Task 1:</u>

Number of customers waiting in line = 1.85

<u>Task 2:</u>

Average time spent in the bank = 20.54 minutes

Explanation:

Workings are attached.

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A. 2 books and 20 pencils

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Which of the following is not generally regarded as a legitimate reason for gov't to intervene in a market?
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Answer:

C. To enforce property rights

Explanation:

Government intervention in market can be non materistically via regulation , materistically via taxes & subsidy.

Although the second materislistic way of tax, subsidy comes under the perview of 'Government Budget' .

Government budget is anual financial statement showing economy's expected revenue & expenditure .

Economic growth & stability by reallocation of resources , reducing income inequalities - reflect 'efficiency' & 'equity' as valid reasons .

Foreign protection is also not invalid depending upon the initial budding stage of a developing economy & its global stand. Eg - India 1950 to 1990 .

However all these are progressive legitimate reason for govt. Intervention .

But , enforcing property rights is a feature of 'socialistic (communistic) economy - which has its own demerits like loss of consumers soveireignity , lack of postive competitive efficiency , govt overburden.

7 0
3 years ago
Richard suspects his supervisor of unethical accounting practices. However, hedoes not want to lose his job if he reports the su
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Answer: The employee reporting the unethical behavior can do so anonymously.

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Richard can make use of the anonymous user account to report his supervisor's unethical behavior, that way the company can be made aware of the supervisor's wrong behavior and Richard's identity would be kept safe that way he doesn't loss his job.

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Capital gains on the municipal securities are taxable at the Federal, State and Local Level. Only the interest income from the municipal securities will be exempted from the Federal income tax.

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