Reference no: EM131390242
Refer to given Exercise. The restaurant is thinking of hiring more personnel to cut down the service time. However, the additional cost of increasing personnel is estimated to be $0.50 per customer. The results of sampling with the added personnel yield the following waiting times (in minutes): 8.4, 5.6, 7.8, 6.8, 8.5, 6.2, 6.5, 5.9, 6.4, 7.5. Is it cost-effective to add personnel? What is the total expected monthly loss?
Exercise
A restaurant believes that two of the most important factors that help it attract and retain customers are the price of the item and the time taken to serve the customer.
Based on the price for similar items in other neighboring restaurants, it is estimated that the customer tolerance limit for price is $8, and the associated customer loss is estimated to be $50.
Similarly, the customer tolerance limit for the service time is 10 minutes for which the associated customer loss is $40. A random sample of size 10 yields the following values of price: 6.50, 8.20, 7.00, 8.50, 5.50, 7.20, 6.40, 5.80, 7.40, 8.30. The sample service times (in minutes) are 5.2, 7.5, 4.8, 11.4, 9.8, 10.5, 8.2, 11.0, 12.0, 8.5. Find the total expected loss per customer. If the restaurant expects 2000 customers monthly, what is the expected monthly loss?
|
Show an experimental design using an orthogonal array
: The manager believes that the interactions B× C and B × E are important. Show an experimental design using an orthogonal array that can estimate these effects.
|
|
Redesign the circuit using ex-ors instead of ex-nors
: Load the circuit file for Section 8-1a. This is a binary comparator similar to Figure 8-1. Test its operation by observing the Equality Indicator status for various 4-bit inputs at the A-inputs and B-inputs.
|
|
Post an explanation of how you ensure quality of research
: Understanding the strategies that have been developed to address issues of trustworthiness is the first step. The second step is considering "how could I do that in my own research?" It is important to recognize that it may not be feasible for you..
|
|
Show an experimental design that can estimate given effects
: The agency also feels that the interaction effects A × C, A × B, and B × C are important. Show an experimental design that can estimate these effects using a minimal number of experiments.
|
|
Find the total expected loss per customer
: The sample service times (in minutes) are 5.2, 7.5, 4.8, 11.4, 9.8, 10.5, 8.2, 11.0, 12.0, 8.5. Find the total expected loss per customer. If the restaurant expects 2000 customers monthly, what is the expected monthly loss?
|
|
What is the expected monthly loss
: The sample service times (in minutes) are 5.2, 7.5, 4.8, 11.4, 9.8, 10.5, 8.2, 11.0, 12.0, 8.5. Find the total expected loss per customer. If the restaurant expects 2000 customers monthly, what is the expected monthly loss?
|
|
Write a response about the given post
: While assessing geriatric patients, nurses should pay attention to hearing and vision loss, as these are two things expected to diminish as clients age (GCU, 2012). Sometimes loss of hearing or vision may be misinterpreted as loss of cognition, s..
|
|
Find the average loss per reel
: A random sample of 10 yields the following thicknesses (in millimeters): 0.0048, 0.0053, 0.0051, 0.0051, 0.0052, 0.0049, 0.0051, 0.0047, 0.0054, 0.0052. Find the average loss per reel.
|
|
What is the molar mass of the solute
: A solution of 1.60 g of solute dissolved in 25.0 mL of H20 at 25oC has a boiling point of 100.800 oC. What is the molar mass of the solute if it is a nonvolatile nonelectrolyte and the solution behaves ideally (d of H20 at 250C= 0.997 g/mL)? Answer i..
|