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The daughter of the owner of a local hamburger restaurant is preparing to open a new fast-food restaurant called Hasty Burgers. Based on the arrival rates at her father's outlets, she expects customers to arrive at the drive-up window according to a Poison distribution, with a mean of 20 customers per hour. The service rate is flexible; however, the service times are expected to follow an exponential distribution. The drive-in window is a single- server operation.a. What service rate is needed to keep the average number of customers in the service system (waiting line and being served) to four?b. For the service rate in part (a), what is the probability that more than four customers are in line and being served?c. For the service rate in part (a), what is the average waiting time in line for each customer? Does this average seem satisfactory for a fast-food business?
Illustrate what would happen if next month they offered a trip to Paris for waitress who sold most chicken wings?
You punch multiple parts from a sheet of Aluminum. The sheet is a 1728 square-inches rectangle and you get 18 parts that are 70 square-inches each.
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $7 each or to produce them in-house.
please link to an advertisement that exemplifies consumption as described in the text and define its relation to the material in the text
Steve Chen, former PayPal engineer who co-founded YouTube, explain what he have done to be successful in their career. What is a serial entrepreneur? Is this a new phenomenon.
Natural Furniture Company manufactures three outdoor products, chairs, benches, and tables. Each product must pass through the following departments before it is shipped: sawing, sanding, assembly, and painting.
In a hard copy favourable response message in which a subject line is not used, necessary identification information is best placed.
Calculate the cost per hire for the following scenario. Show your calculation for partial credit. If you only provide one number, and it is incorrect, I will not know how close you were to getting it right.
Why it is important to measure return on investment (ROI) of international assignments? What elements should be included in the ROI calculation?
Daniel Trumpe has computed the EOQ for a product he sells to be 400 units. However, due to recent events he has a cash flow problem. Therefore, he orders only 100 units each time he places an order.
Describe a net-change system. It is usually run at the beginning of each month. The basic production plan is modified to reflect changes as they occur. It is used to authorize the execution of planned orders.
The firm has no other non-operating assets. It has $368 million in debt and $60 million in preferred stock. What is the value of the firmas operations?
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