User Account

All Pages

Average time a customer waits for service to begin

Assignment Help Financial Management
Reference no: EM131358458

Movies Tonight is a typical video and DVD movie rental outlet for home-viewing customers. During the weeknight evenings, customers arrive at Movie Nights at an average of 1.25 customers per minute. The checkout clerk has a service rate of 2 customers per minute. Assume Poisson arrivals and exponential service times.

A. What is the average time a customer waits for service to begin? Alternatively, what is the average wait time in the queue. Convert your answer into seconds.

B. What is the probability that an arriving customer will have to wait for service?

Reference no: EM131358458

Questions Cloud

What is your personal code of ethics : Why do you think it can be so difficult for people to do what is right? What is your personal code of ethics? Prepare a code outlining what you believe is morally right. The document should include guidelines for your personal behavior.
Online analytic processing-online transaction processing : Research articles on Online Analytic Processing (OLAP) and Online Transaction Processing (OLTP). Next, compare and contrast the key similarities and differences between Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP).
Explain the types of incentives to providers for efficiency : Examine different segments of the population. Describe which socioeconomic group is likely to benefit the most from CDHPs - Explain the types of incentives to providers for efficiency in the delivery of healthcare services. Explain who bears the fi..
Design a non slender circular column with six vertical rebar : Design a non slender circular column with six vertical rebars and circumferential rebar cage, subjected to a factored ultimate loading Vu = 3.78 × 106 N.
Average time a customer waits for service to begin : Movies Tonight is a typical video and DVD movie rental outlet for home-viewing customers. During the weeknight evenings, customers arrive at Movie Nights at an average of 1.25 customers per minute. What is the average time a customer waits for servic..
What gothic element you choose and why : Introduction must have a thesis, the thesis is the claim of the whole essay, what gothic element you choose, why?(eg, terro can be find in Frankenstein by(because) the creepy music.Every body paragraphy must have a topic sentence( it just one or t..
Research and identify computer industry : Student need to research and identify 2 companies from the ANY 2 following industries (total 4 companies) to apply "AAA" framework: Computer industry (hardware or software), Tourism/Hospitality and Pharmaceutical Industry
Contemplating replacing current fleet of delivery vehicles : Your company is contemplating replacing their current fleet of delivery vehicles with Nissan NV vans. You will be replacing 5 fully-depreciated vans, which you think you can sell for $3,700 apiece and which you could probably use for another 2 years ..
Compensation strategies for all companies : From the e-Activity, determine how the law you researched influences compensation strategies for all companies directly affected by the law in your state. Provide specific examples to support your response.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd