Illustrate what is the probability which at least an hour

Assignment Help Business Management
Reference no: EM1381000

Q. An entrepreneur opened a small hardware store in a strip mall. During the first few weeks, business was slow, through the store averaging only one customer every 20 minutes in the morning. Assume which the random arrival of customers is Poisson distributed.

(a) Illustrate what is the probability which at least 1 hour would elapse among customers?

(b) Illustrate what is the probability those 10 to 30 minutes would elapse among customers?

(c) Illustrate what is the probability which less than 5 minutes would elapse among customers?

Round your answers to 4 decimal places, the tolerance is +/-0.0001

(a) 1 hour interval
P(x ≥ x0=

(b) 10 to 30 minutes
P(10 to 30 minutes) =

(c) less than 5 minutes
P(x < .25) =

 

Reference no: EM1381000

Questions Cloud

Developing an understanding of the content and complexity : Developing an understanding of the content and complexity of the project is the purpose of -developing a project charter activity of the project planning phase.
Compute the break-even point : Gabriella Sax believes which customers in her dress shop find out certain prices very appealing. Among these price levels, all prices are seen as roughly the same.
Elucidate how many days should abc company budget : After reviewing time records from a similar type of activity, they convinced which an 80% curve is appropriate. They estimate which the first job will take their crew 7 days to install. Elucidate how many days should ABC Company budget.
Effective automation of inter organizational interactions : Web services are emerging as a promising technology for the effective automation of inter organizational interactions.
Illustrate what is the probability which at least an hour : Assume which the random arrival of customers is Poisson distributed. Illustrate what is the probability which at least 1 hour would elapse among customers.
Explanation of assembly instructions : Compare word in AX to the one in CX. Jump to label big: if AX is greater than CX, to label small: if AX is smaller than CX, and to label same: if the values are the same.
Illustrate what changes might you recommend to redesign this : Illustrate what changes might you recommend to redesign this process through the needs of the customer in mind.
Create an argument for a company management team : Given which a strategic plan has been established for an organization, suggest when the strategy should be evaluated, modified, or redirected. Provide support for your rationale.
Elucidate how it applies in the workplace : Provide a summary of the additional information you gain, also give examples of elucidate how it applies in the workplace. Please provide references.

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