How many customers will there be waiting in line at shc

Assignment Help Business Management
Reference no: EM13897916

Microsoft Word - hw3_questions

Randy needs to decide where to get a haircut. He has narrowed the choice down to two local hair salons - Large Hair Salon (LHS) and Small Hair Cutters (SHC).

A new customer walks into LHS every 15 minutes on average, with a standard deviation of 15 minutes. At SHC, a customer walks in every hour on average, with a standard deviation of 1 hour. LHS has a staff of 4 barbers, while SHC has 1 barber. The average service time at both salons is 30 minutes, with a standard deviation of 30 minutes.

Q2. SHC provides drinks and chocolate chip cookies to customers that are waiting in line before receiving service. SHC estimates that every minute of customer waiting time costs them 25 cents because of the consumed food. What is the cost of food (in $) SHC spends per day? Assume that SHC operates for 10 hours each day.

Q3. How many customers will there be waiting in line at SHC on average?

 

 

Reference no: EM13897916

Questions Cloud

What are the different styles of leadership : In organizational behavior,What are the different styles of leadership?
Create the purest cup of greek yogurt possible : 1.When Hamdi Ulukaya and his employees worked for 18 months to create the purest cup of Greek yogurt possible, his team was creating a new ______________. placeproductpriceproperty
Provide a qualitative description of intels transaction risk : Provide a qualitative description of Intel's transaction exchange risk. If Intel chooses not to hedge its transaction exchange risk, what is Intel's expected dollar revenue?
What are the ebit for the blue wheel project? : What are the EBIT for the Blue Wheel project?
How many customers will there be waiting in line at shc : A new customer walks into LHS every 15 minutes on average, with a standard deviation of 15 minutes. At SHC, a customer walks in every hour on average, with a standard deviation of 1 hour. LHS has a staff of 4 barbers, while SHC has 1 barber. The aver..
Identify and describe in your own words : Identify and describe in your own words, at least three major project management trends. How might such trends influence project management for US-based businesses?
Calculate the percentage changes over a one-month interval : Calculate the percentage changes over a 1-month interval. What loss would you take if you owed BRL 1 million in 1 month and the dollar depreciated by 2 standard deviations?
What is this temperature on the celsius scale : Dermatologists often remove small precancerous skin lesions by freezing them quickly with liquid nitrogen, which has a temperature of 77 K. What is this temperature on the Celsius scale
What are the major accounts of the balance of payments : What are the major accounts of the balance of payments, and what transactions are recorded on each account? Why is it important for an international manager to understand the balance of payments?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

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