Exponentially distributed or gamma distributed

Assignment Help Accounting Basics
Reference no: EM131106270

A telephone-order sales company must determine how many telephone operators are needed to staff the phones during the 9-to-5 shift. It is estimated that an average of 480 calls are received during this time period and that the average call lasts for six minutes. There is no queueing. If a customer calls and all operators are busy, this customer receives a busy signal and must hang up. If the company wants to have at most one chance in 100 of a caller receiving a busy signal, how many operators should be hired for the 9-to-5 shift? Base your answer on an appropriate simulation. Does it matter whether the service times are exponentially distributed or gamma distributed? Experiment to find out

Reference no: EM131106270

Questions Cloud

Us airlines receives an average : US Airlines receives an average of 500 calls per hour from customers who want to make reservations, where the times between calls follow an exponential distribution. It takes an average of three minutes to handle each call. Each customer who buys ..
Central component of its strategic plan : Explain how an organization can utilize its vision statement so that it becomes a central component of its strategic plan.
Presented below are selected transactions on the books : (Issuance of Bonds between Interest Dates, Straight-Line, Retirement) Presented below are selected transactions on the books of Simonson Corporation. May 1, 2010 Bonds payable with a par value of $900,000, which are dated January 1, 2010, are sold at..
What is the investment in accounts receivable : Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38 days, and a payables deferral period of 30 days. a. What is the length of the cash conversion cycle? b. If Zocco's annual sales are $3,421,875 and all..
Exponentially distributed or gamma distributed : A telephone-order sales company must determine how many telephone operators are needed to staff the phones during the 9-to-5 shift. It is estimated that an average of 480 calls are received during this time period and that the average call lasts f..
How many containers are needed for gadjits : a. How many containers are needed for gadjits? b. How many containers are needed for widjits?
Comparing one fast server to several slow servers : In Example 13.4 of section 13.5, we examined whether an M/M/1 system with a single fast server is better or worse than an MMs system with several slow servers.
Amortize premium or discount on interest dates : Sanford Co. sells $500,000 of 10% bonds on March 1, 2010. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2013. The bonds yield 12%. Give entries through December 31, 2011.
Explain the impact of databases on businesses : Explain the impact of databases on businesses. What industry has databases made possible? Give examples of database supported business applications or technology.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare an income statement

Prepare an income statement

  Compute the expenses incurred for the year

Assume that the revenues for the year were $830,000. Compute the expenses incurred for the year.

  Certified management accountant certification

Assume Daniels is both a CPA and holds the Certified Management Accountant (CMA) certification granted by the IMA. Use the ethical standards of these two organizations to identify what Daniels should do in this situation

  Investments reported as current assets

At December 31, 2013, Hull-Meyers Corp. had the following investments that were purchased during 2013, its first year of operations:

  Determine breakeven total volume of sales

Determine breakeven total volume of sales and sales volume for each product.

  In 2005 wessex inc had 50 employees each employee earned 10

at january in 2005 wessex inc. had 50 employees. each employee earned 10 days of vacation pay. the actual rate for

  Do you feel these decisions are sound business practices

Respond by clicking on the Respond link in the Discussion Board link at left. Take time to read and comment on the responses of others.

  Electric utilities generally have very high common equity

electric utilities generally have very high common equity ratios because their revenues are more volatile than those of

  A company has a process that results in 15000 pounds of

a company has a process that results in 15000 pounds of product x that can be sold for 8 per pound. an alternative

  Valuing financial flexibility as an option

If we assume unlimited and costless access to capital markets, a firm will always be able to fund a good project by raising new capital. If, on the other hand, we assume that there are internal or external constraints on raising new capital

  Identify the main account or group of accounts

Identify and discuss why the above situation represents a risk. By applying auditing knowledge, identify the main account or group of accounts affected by this risk in the audit plan

  Retirement of bonds

Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.) The December 31, 2010 balance sheet of Wolfe Co. included the following items:

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