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SVEN [57.7K]
3 years ago
15

During regular operating hours, passengers of Fly-Hi airlines arrival at the airport at the average rate of 190 per hour (Poisso

n distributed). Fly-Hi can hire staff for $18 per person per hour, each of whom can check in a passenger in an average time of 1 minute (negative exponential distribution). Fly-Hi has determined that the cost of waiting is $45 per passenger per hour. [Select] What is the minimum number of staff for this system? Select] What is the optimal number of staff for this system? What is the total cost of this system per hour at the optimal number of staff? [Select
Business
1 answer:
GenaCL600 [577]3 years ago
4 0

Answer:

The minimum number of staffs that could be hired is 4

The optimal number of stuff is 6 and  The total cost per hour is $114.14

Explanation:

Average arrival rate, λ = 190 per hour

Average service rate, μ = 1 in 1 minute = 60 per hour

The minimum number of servers required for a stable queuing system

= λ/μ

= 190/60

= 3.167

Therefore, The minimum number of staffs that could be hired is 4.

s             P0               Lq              Server cost per hour = s*18

4            0.029         2.210                      72  

5            0.039  0.483                      90

6            0.041          0.137                       108  

Waiting cost per hour = Lq*45   Total cost per hour

              99.44                                            171.44

              21.72                                      111.72

               6.14                                               114.14

The total cost is optimal for s = 6.

Therefore, The optimal number of stuff is 6 and  The total cost per hour is $114.14

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What is the most important way the federal reserve ensures the United States money supply is safe and in circulation
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Answer:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks.

Explanation:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks. Conversely, Federal Reserve decreases the money supply in the hands of the public if it sells securities. As a result, the money supply increases.

Federal reserve provides and maintains an effective and efficient payment system. It also regulates banking operations.

5 0
2 years ago
During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pr
ANEK [815]

Answer:

Fixed costs= 1,100,000

Explanation:

Giving the following information:

During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pretax income was $400,000.

We need to reverse engineer the income statement to determine the total fixed costs. We know that the pretax income is the difference between the total contribution margin and the fixed costs.

Pretax= total contribution margin - fixed costs

400,000= 1,500,000 - FC

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5 0
3 years ago
Assume the firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the k
leonid [27]

Answer:

B) Leave the equilibrium price unchanged.

Explanation:

Oligopolistic market is the arrangement where few companies offer same product to the customers. There is very less competition in the market so every supplier has fair chance for operating their business successfully. The kinked demand model curve in oligopolistic market would leave the equilibrium price unchanged.

3 0
3 years ago
Bonds that are backed solely by the general credit of the corporation issuing them are called _______ bonds.
babymother [125]
Unsecured bonds, these bonds are also called debenture bonds.
I hope this helps.
3 0
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mr_godi [17]

The correct answer is planning.

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ICS helps  to ensure that the efficient use of resources. The safety of responders, community and efficient use of resources. ICS can be utilized as a natural disaster or as Human caused hazard or a technological hazard.

ICS has some principles and features which include resources and facilities, resource management, accountability and planning which include management.

ICS helps to ensure that there is full utilization of all incident by making sure that there is integrated communication, and by maintaining span control which  is manageable.

4 0
3 years ago
Read 2 more answers
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