User Account

All Pages

Find the average number of customers waiting for haircuts

Assignment Help Financial Management
Reference no: EM13978882

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. "

Reference no: EM13978882

Questions Cloud

What conclusions can you reach about the sources : What conclusions can you reach about the sources of green power?
Identify a number of key images in the poem : Identify a number of key images in the poem which you believe are vital to understanding it and provide a detailed discussion of how those images function in the poem
Call option contract : A trader buys a 3-month call option contract on 100 shares of a stock with strike price $40. Which of the following statement is correct if the options are held until the end?
Brief reflection concerning the areas of course : Please post a brief reflection concerning the areas of this course you found most useful, especially related to your personal life, and if you are working, in your job as an accountant, auditor, or other employment role.
Find the average number of customers waiting for haircuts : 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.
What is the traders profit if the stock price : A trader sells a 2-month call option contract on 100 shares of a stock with strike price $50. The price of the option is $5. Suppose the options are held until the end. What is the trader’s profit if the stock price is $58 then?
How might being a minority influence your behavior at work : The purpose of this assignment is to provide you with an experience where you are in the minority, preferably going further where you are the only one of your "kind" in a given situation. How might being a minority influence your behavior at work
What is evsi : For $10,000 Lark can hire a consultant who will predict who will win the trial. The consultant is correct 90% of the time. Should she hire the consultant? (Assume she is risk neutral). What is EVSI?
What are specific people risks for a manufacturing company : What are specific people risks for a manufacturing company? What are specific financial risks for a manufacturing company? What are specific operational risks for a manufacturing company

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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