Drivers stop to fill up their cars at a service station

Assignment Help Basic Statistics
Reference no: EM131130605

Drivers stop to fill up their cars at a service station according to a Poisson process with rate λ = 15 per hour. The service station has only one gasoline pump, and there is room for only two waiting cars. We suppose that the average service time is equal to two minutes.

(b) If we suppose that an arriving driver who finds the three spaces occupied will go to another service station, what proportion of potential customers is lost?

Reference no: EM131130605

Questions Cloud

Why you think financial statements will be more trustworthy : Select one of those provisions, and indicate why you think financial statements will be more trustworthy if company financial executives implement this provision of SOX.
Amino acids combine with glutamates to produce the taste : Amino acids combine with glutamates to produce this taste. Hydrogen ions in food are responsible for_____. The heat of chili peppers is a ______ taste. Our sense of smell relies on _______ molecules.
Compute the payback statistic for project-accepted rejected : Compute the payback statistic for Project B if the appropriate cost of capital is 12 percent and the maximum allowable payback period is three years. Accepted Rejected
Should we have the punishment fit the crime : Do you think that punishments should be humane? -Should we extend humanity to an offender who may have committed a heinous crime?
Drivers stop to fill up their cars at a service station : Drivers stop to fill up their cars at a service station according to a Poisson process with rate λ = 15 per hour. The service station has only one gasoline pump, and there is room for only two waiting cars. We suppose that the average service time..
Bond yield and after-tax cost of debt : A company's 6% coupon rate, semiannual payment, $1,000 par value bond that matures in 20 years sells at a price of $615.37. The company's federal-plus-state tax rate is 30%. What is the firm's after-tax component cost of debt for purposes of calculat..
Presently enjoying relatively high growth : Everest Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 29% for the next 2 years, 18.60% in year 3 and 4 and after which competitio..
A single runway according to a poisson process : Airplanes arrive at an airport having a single runway according to a Poisson process with rate λ = 18 per hour. The time during which the runway is used by a landing airplane has an exponential distribution with mean equal to two minutes (from the..
Prepare an amortization table through december : Prepare the journal entry to record the payment of interest and the amortization of the premium on July 1, 2011, assuming no accrual of interest on June 30.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What percentage of calls are longer than thirty five minutes

A standard deviation of five minuts. Assuming the call times are normally distributed, what percentage of calls are longer than 35 minutes.

  Random variables and level of measurement

Classify the following as an example of nominal, ordinal, interval, or ratio level of measurement, and state why it represents this level: Gender of employees at a local warehouse.

  Find the standard deviation of dvd player-s life span

If 4.01% of these DVD players have a life span of more than 8 years, what is the standard deviation of the DVD player's life span?

  The following data show samples of three chain stores in

the following data show samples of three chain stores in three different locations in one town and the amount of

  Compute the test statistics corresponding to the hypothesis

Define the parameter of interest, state the null and alternative hypotheses corresponding to the researchers' questions. Compute the test statistics corresponding to the hypothesis

  Wade retail looked at a random sample of 100 invoices from

wade retail looked at a random sample of 100 invoices from a large population. eight of these contained an error. what

  So if you have a variance of 75 for a class average with a

so if you have a variance of 75 for a class average with a standard deviation of - 15. what grade will 96 of the class

  What is considered medium effect size for t test for mean

The mean change score for the sample studied is an increase of 5.2. What is considered a medium effect size for a t test for dependent means?

  What percentage of bulbs have lifetimes that lie in range

Standard deviation of 8 hours. what percentage of the bulbs have lifetimes that lie within 1 standard deviation to either side of the mean?

  A companys construction time follows a normal distribution

a companys construction time follows a normal distribution. the mean time to construct a building is 100 days and the

  Polynomial that represents revenue for one week

If a manufacturer charges x dollars each for soccer balls, then he can sell 3000 - 150x soccer balls per week. Find a polynomial that represents the revenue for one week.

  Using the one- sided chebyshev inequality how many fish

a lake contains 4 distinct types of fish. suppose that each fish caught is equally likely to be any one of these types.

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!

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