In a single-server queuing system, if 12 customers arrive per hour and 30 customers are served per hour, what is the probability that there are no customers in the system?
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day.
A) 0.75
B) 0.60
C) 0.40
D) 0.2 5
Answer: B
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A manufacturer is contemplating introducing a product that is inferior to its competition in its performance, design, and functionality. However, the manufacturer believes that "good brand marketing" can overcome these shortfalls
Why is this thinking incorrect?
________ are defined as states of felt deprivation
A) Needs B) Ideas C) Demands D) Values E) Exchanges
Tremble Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$99?Fixed costs per year: Direct labor$822,800?Fixed manufacturing overhead$3,678,400?Fixed selling and administrative expenses$3,736,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 48,400 units and sold 46,700 units. The company's only product is sold for $198 per unit.Assume that the company uses an absorption costing system that assigns $17 of direct labor cost and $76 of fixed manufacturing overhead to each unit that is produced. The unit product cost under this
costing system is: A. $272 per unit B. $116 per unit C. $99 per unit D. $192 per unit
According to the Maritz Marketing Research Loyalty Report, the attribute program values refer to:
a. the ability to earn and redeem points and quality of rewards. b. program freshness, access to exclusive events, and personalized experiences. c. pride of membership, program uniqueness, and meeting customer needs. d. the ability to interact with programs via Web site, mobile, and customer support.