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1. Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exponentially.
a) Find the average number of customers waiting for haircuts.b) Find the average number of customers in the shop.c) Find the average time a customer waits until it is his or her turn.d) Find the average time a customer spends in the shop.e) Find the percentage of time that Paul is busy. "
Management has studied work patterns in the housekeeping department and estimates the number of hours to be worked as follows. Hours worked = (1,500 hours per month) + (0.50 × RVUs). For the coming month, management expects RVUs to be 5,800. What sho..
Rebecca calculated that she needs a total of $1,400,000 at retirement (beyond pensions and social security). Rebecca is 34 years old, investing aggressively and expecting to earn 7% in her retirment account. She plans to retire at age 62. How much do..
Assume Camden, NJ is considering whether or not to build a new sports stadium. The stadium is expected to cost $100 million today. The stadium is expected to generate more jobs and revenue for the city. What is the present discounted value of the ben..
In your proposal, explain to your boss (using professional-style writing) the reasons for your choice. Include the concepts that are covered in Chapters 7 and 8 as reasons for or against the use of the training tutorials or videos or modules or your ..
Your portfolio has a beta of 1.27. The portfolio consists of 17 percent U.S. Treasury bills, 29 percent in stock A, and 54 percent in stock B. Stock A has a risk-level equivalent to that of the overall market. What is the beta of stock B?
The existence of market imperfection result in an optimal capital structure with- All debt, all equity, All equity and debt.
Star Light & Power increases its dividend 2.9 percent per year every year. This utility is valued using a discount rate of 9 percent, and the stock currently sells for $52 per share. If you buy a share of stock today and hold on to it for at least th..
Bond X is callable and matures in 10 years. Bond Y is non-callable and matures in 30 years. If interest rates in the bond market rise, which of the following statements is correct?
Garner Company requires its marketing managers to submit estimated cost behavior data on all requests for new products or expansions of a product line. Judy Oslo is a new manager. Her calculations show a fixed cost for a new project at $100,000 and a..
What is the traditional name for this statement? What is the purpose of this statement? What are the main sections of this statement? Discuss the difference between permanently restricted and temporarily restricted net assets.
What types of actions might the management of a firm NOT take to fight a hostile acquisition bid from an unwanted suitor?
A financial risk related to capitation contracts is:
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