Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In a waiting line situation, arrivals occur at a rate of 2 per minute, and the service times average 18 seconds. Assume the Poisson and exponential distributions.
a. What is λ?
b. What is μ?
c. Find probability of no units in the system.
d. Find average number of units in the system.
e. Find average time in the waiting line.
f. Find average time in the system.
g. Find probability that there is one person waiting.
h. Find probability an arrival will have to wait.
identify advantages and disadvantages of Monte Carlo simulation
In a final paper, respond to the questions below to demonstrate your overall knowledge of the materials studied throughout this course. Provide specific examples where applicable to illustrate your responses and validate best communications practi..
Describe how the business buying process differs from the consumer buying process. Include an explanation of the unique characteristics of business markets.
What affects customers' willingness to pay? Think about what benefits and utility consumers get from buying products from this industry. Where else could they go to fulfill a similar need or to get a similar experience? (e.g. mobile handset as a ..
Are domestic and offshore suppliers always a substitute for each other? Are they sometimes complements?
You just visited a friend who is in Barcelona for a Erasmus semester and you did a lot of sightseeing in the beautiful city. You want to know how many kilometers per day on average you walked during your trip. You had recorded the following informati..
Assume a fixed price of $900, a variable price of $4.50 also a selling price of $5.50. Illustrate what is the break-even point. Explain how many units must be sold to make a profit of $500.00.
Discuss the advances in technology such as EDI, RFID, and the Internet within the intermodal industry as well as how these technologies are beneficial to retail customers using intermodal transportation to get their product to market.
A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied.
Find the probability that 8 customers will arrive in a particular 15-minute period.
Distinguish between pure risk and speculative risk. List and explain in detail the three kinds of pure risk. Explain the concept of Enterprise Risk Management. How does it differ with the holistic risk management approach? Why did the Harvard Busines..
Applying change management theory to discuss the integration of one of the four types of knowledge-based decision support systems
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd