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An urn contains nine white balls and 11 black balls. A ball is drawn and replaced. If the ball is white your opponent pays you 25 cents. If it is black you pay him 25 cents. You have one dollar and your opponent has 50 cents. Play continues until one of you is broke. What is the probability that you lose all your money? What is the expected number of times that you play prior to the game ending? What is the answer to these two questions if both you and your opponent started with 75 cents? 2. The manager of the Hippon Drug Store is remodeling his facility and is considering three ways of organizing his branded-items business. The first way is to employ a fast clerk to wait on all customers. Assume such a clerk serves customers exponentially at an average rate of two minutes per customer. The second way is to employ two moderately fast clerks to wait on all customers. Assume each serves customers exponentially at an average rate of four minutes per customer. The third way is to use a self-service system in which each customer waits on himself. Self-service, at an average rate of six minutes, is slower than clerk service. The manager wants to calculate the average number of customers in the store, the average time each spends in the store, and the average time each spends waiting for service, under each way of organizing. Assume that customers arrive completely randomly, one at a time, at the rate of 15 per hour. Calculate the operating characteristics of interest to the manager.
What are the risks and rewards of changing from a current supplier to a new supplier ? How can you balance these risks and rewards?
Owner-manager hopes to improve scheduling of part-time employees by determining seasonal relatives for each of se days. Data on recent traffic at center have been tabulated also are shown in subsequent table.
Southwestern University (SWU), a large state college in Stephenville, Texas, enrolls close to 20,000 students. The school is a dominant force in the small city, with more students during fall and spring than permanent residents.
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 35 minutes is needed to do a title search
Illustrates what are the Identification also description of human implications, potential resistance factors also the drivers of the change.
Discuss why organizations need to have the correct performance metrics to drive quality. Think of examples in the news and their outcomes.
To maintain this stream of innovative new products, Regal constantly seeks design input from customers, dealers, and consultants. Design ideas rapidly find themselves in Regal's styling studio. What kind of benefits are Regal achieving by using CAD..
Productivity is measured by the ratio of outputs to inputs. Some organizations use a partial measure of productivity to measure actual operations, such as a restaurant using number of customer meals per labor hour.
The cost of carrying inventory is 20% per year. What is Johnson Product's annual holding costs assuming Johnson uses the EOQ?
At the conclusion of Baidu's final strategic planning session, Robin Li (Cofounder, Chairman, and CEO) assigned you to prepare a written report and announcement that would be presented to the company's shareholders and included in a public statement.
There is no word count. How does mode of transportation change when market place becomes global rather than just domestic. Is there any difference? Please give an example.
Determine an optimal assignment of cases to lawyers such which each junior partner receives a different case also total hours expended by firm is minimise.
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