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One mechanic services 4 drilling machines for a steel plate manufacturer. Machines break down on an average of once every 4 working days, and breakdowns tend to follow a Poisson distribution. The mechanic can handle an average of two repair jobs per day. Repairs follow a negative exponential distribution.
a) On the average, how many machines are waiting for service?
The average number of machines waiting for service is ______
(Round your response to three decimal places.)
b) On the average, what is the waiting time to be serviced?
The average waiting time to be serviced is __________ days. (Round your response to two decimal places.)
Present an analysis of the difference between business intelligence and business analytics.
Tots Toys makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 12,000 of these tricycles. Current schedules yield the following..
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The chapter talks about S.M.A.R.T. objectives or goals. "In fiscal 2016, we plan to open approximately 1,800 new stores globally." Walgreens: "Second is to hire a significant number of people with disabilities in our South Carolina distribution cente..
Why are these qualities important in a competitive business environment?
Describe how the company handled the problem and its effect on your personal perception of the company and your confidence in buying its products.
Prepare PowerPoint presentation that will guide CEO and board of directors to follow the recommendation(s) presented to expand the hospital’s ICU unit
Assume you are the CIO that is frustrated with the lack of information flow between marketing and sales, accounting and supply chain. You need to convince top management to approve an ERP implementation project that will solve this problem. Write a p..
If you haven't yet facilitated or led a group, discuss how you would demonstrate the critical tasks and skills and actions of the ending phase of group work.
Some marketers sense that the image of the particular channel in which they sell their products does not matter, all that matters is that the correct customers shop there and the product is displayed in the right way. Consider the statements “Channe..
For the process you chose in 1-3, set the following values: process target (Ï ), upper specification (U), and lower specification (L). Then take appropriate samples to estimate the process mean (µ) and the process standard deviation (Ï ).
What are opportunity costs and should they be considered in decision-making, perhaps in the decision related to pursuing online gaming? What are some of the possible opportunity costs of the online gaming project?
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