A waiting line meeting the M/M/1 assumptions has an arrival rate of 10 per hour and a service rate of 12 per hour. What is the probability that the waiting line is empty?
What will be an ideal response?
Po = 1 - ?/? = 1 - 10/12 = 2/12 or 0.1667.
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The relative performance metric can be created by ________
A) dividing the performance rating of a product by the average performance rating of all products in the market B) dividing the overall rating of a product's performance by the rating of the top-performing brand C) dividing the overall rating of a product's performance by its price D) dividing the overall rating of a product's performance by the average price for products in that product category E) dividing the overall rating of a product's performance by the cost of manufacturing the product
Critics of the RFM approach claim that this methodology is:
a. Less likely to be used successfully in predictive and prescriptive analytics. b. Fails to indicate anything about the propensity of a prospect to respond to marketing stimuli. c. It simply shows who purchased from the company in the past. d. All of the above
In a regression and correlation analysis if r2 = 1, then
a. SSE = SST b. SSE = 1 c. SSR = SSE d. SSR = SST
Diversity training typically consists of two components aimed at building
A. group consciousness and skills. B. teams and skills. C. awareness and self-esteem. D. teams and self-esteem. E. awareness and skills.