For a single server, single queue system with an arrival rate of 8 customers per hour and a service rate of 10 customers per hour, what is the mean waiting time in the System (to two decimal places)?
a. 0.40 hours
b. 0.50 hours
c. 3.20 hours
d. Cannot be determined from the information given
b. 0.50 hours
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What is the average number of complaints received per week?
probability distribution for complaints can be represented as the table shown below. The random variable xi represents the number of complaints, and p(xi) is the probability of receiving xi complaints. Image 0 1 2 3 4 5 6 p(Image) .10 .15 .18 .20 .20 .10 .07 A) 2.12 B) 3.32 C) 4.12 D) 2.83
?During the market orientation, businesspeople realized that if they could produce products efficiently, customers would buy them.
Answer the following statement true (T) or false (F)
John Smith is planning to refinance his home mortgage to take advantage of the lower current interest rates. As part of the refinancing application, the bank needs to appraise Mr. Smith's home
Mr. Smith expects an appraisal of at least $175,000 but no more than $250,000. All values between $175,000 and $250,000 have the same probability of being the actual appraised value. What is the appropriate distribution for simulating appraisal values? A) continuous uniform B) triangular C) binomial D) discrete uniform E) normal
California Produce Company hires Drew to work on California Produce's shipping dock, checking outgoing loads and dispatching the company's drivers. With respect to California Produce, Drew is most likely
a. an agent. b. an independent contractor. c. a principal. d. awork for hire.