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
kicyunya [14]
2 years ago
11

RideShare offers short-term rentals of vehicles that are kept in small lots in urban neighborhoods with plenty of potential cust

omers. With one lot, it has six cars. The interarrival time of potential demand for this lot from its base of customers is 20 minutes. The average rental period is 4 hours. If a customer checks availability of vehicles in this lot online and finds that they are all rented for the desired time, the customer skips renting and finds alternative arrangements. However, because customers pay a monthly fee to subscribe to this service, RideShare does not want customers to be disappointed too often.
Required:
a. What is the offered load?
b. What is the implied utilization?
c. What is the capacity of the process (rentals per hour)?
d. What is the probability that all eight cars are rented at the same time?
Business
1 answer:
Free_Kalibri [48]2 years ago
5 0

Answer:

a. Offered load = 1 lot / 4 hours = 6 cars/4 hours = 1.5 cars/hours

b. Demand rate = Total cars per 4 hours/20 minutes time

Demand rate = 6*4 / 20

Demand rate = 24/20

Demand rate = 1.2 cars/hours

Implied utilization = Demand rate / Offered load

Implied utilization = 1.2/1.5

Implied utilization = 0.8

Implied utilization = 80%

c. Capacity of the process = 1 lot / 5 hours

Capacity of the process = 6 / 5

Capacity of the process = 1.2 rentals per hours

d. Probability that all eight cars are rented at the same time

=> (1 - 0.8) * (0.8)^8

=> 0.2 * 0.1678

=> 0.03356

=> 3.36

You might be interested in
Licensees are responsible for paying the costs of legal document preparation when they are preparing such documents for their cl
Blababa [14]

Answer:

The broker is responsible for bearing the cost.

Explanation:

The licensees are responsible for paying the costs of legal document preparation even if the documents were prepared by an agent. The broker may delegate the work but the responsibility cannot be delegated, and it is their responsibility to pay for these costs.

The only exception to this rule can happen when the legal documents are prepared by an attorney that represents the parties involved in the transaction.

5 0
3 years ago
When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand c
meriva

Answer:

1. Responsive

2. Elastic

Explanation:

When the price elasticity of demand for a good is very elastic, quantity demanded is RESPONSIVE to a change in price and the demand curve is relatively ELASTIC.

This is because the price elasticity of demand measures the responsiveness of the quantity demanded to a change in price.

Consequently, as the quantity demanded changes, the demand curve then becomes relatively elastic, by shifting either to the right or left.

3 0
3 years ago
Store Policies that are open to interpretation by store employees
algol13

Answer:

a) Customer satisfaction

Explanation:

7 0
2 years ago
A statistical software company is planning on updating Version 8.1 of its software and wants to know what features are most impo
torisob [31]

Answer:

Answer for the question:

A statistical software company is planning on updating Version 8.1 of its software and wants to know what features are most important to users. The company's managers have the email addresses of 10000 individuals, mostly faculty at universities, for whom they have supplied free courtesy copies of Version 8.1. They email these 10000 individuals and ask them to complete a survey online. A total of 183 of these individuals complete the survey.

(a) What is the population of interest to the software company?

A. the 183 individuals who complete the survey

B. the 10000 individuals contacted

is given in the attachment.

Explanation:

3 0
3 years ago
The costs and revenues associated with two alternatives are listed below:
Fudgin [204]

Answer:

The correct option is A,alternative 2 because it has a higher profit

Explanation:

The profit analysis of both alternatives is done below:

                                                Alternative 1         Alternative 2

Projected revenue                   $100,000             $125,000

Costs:

unit level costs                         $20,000                $30,000

Batch-level costs                      $20,000                $25,000

Product-level costs                   $15,000                 $15,000

facility-level costs                     $10,000                  $10,000

total costs                                  $65,000                 $80,000

Profit(revenue-total costs)        $35,000                 $45,000

The correct answer is option A,as option 2 has a higher profit of $45,000 compared to alternative 1 of $35,000

6 0
3 years ago
Other questions:
  • Indra nooyi, ceo and chairman of pepsico is considered the most powerful woman on fortune’s 50 most powerful women’s list, uses
    10·1 answer
  • There are innovations involving new ways to produce and conserve energy. If we can turn this new technology into marketable prod
    5·1 answer
  • The leader-member exchange theory argues that:
    14·2 answers
  • Liquidity Ratios You have the following information on Marco's Polo Shop: total liabilities and equity = $212 million; current l
    5·1 answer
  • Laskowski Company manufactures a part for its production cycle. The annual costs per unit for 5,000 units of the part are as fol
    5·1 answer
  • Classical economists assumed that: Spending leakages exceed spending injections. Interest rate adjustment will cause business in
    9·1 answer
  • In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of
    13·1 answer
  • Help me help me help me
    15·1 answer
  • The Internet allows consumers to access information on-demand about products. This is an example of which kind of marketing util
    11·1 answer
  • Since 1950, the number of employees who work in the federal bureaucracy has ________ and the number of employees who work in bot
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!