Value can be defined as:
a. fitness for use.
b. quality relative to price.
c. least cost benefit.
d. conformance to specifications.
b
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Sam the Vet is running a rabies vaccination clinic for dogs at the local grade school. Sam can vaccinate a dog every 3 minutes
It is estimated that the dogs will arrive independently and randomly throughout the day at a rate of 1 dog every 6 minutes, according to a Poisson distribution. Also assume that Sam's vaccinating times are exponentially distributed. (a) Find the probability that Sam is idle. (b) Find the proportion of time that Sam is busy. (c) Find the average number of dogs receiving or waiting to be vaccinated. (d) Find the average number of dogs waiting to be vaccinated. (e) Find the average time a dog waits before getting vaccinated. (f) Find the average amount (mean) of time a dog spends between waiting in line and getting vaccinated.
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The one-year forward exchange rate is Rupees 45/$. If the one-year interest rate in the United States is 5% and in India is 8%, what is the spot exchange rate so as to preclude arbitrage?
A) Rupees 43.23/$ B) Rupees 43.75/$ C) Rupees 43.99/$ D) Rupees 44.32/$