User Account

All Pages

On average what would the length of the line be

Assignment Help Basic Statistics
Reference no: EM13956013

Service station cars arive randomly at a rate of 1 car every 30 min. the average time to change oil on a car is 20 min. both the time between arrivals and service time can be modeled using the negative exponential Poisson distribution. This shop only has one garage and one oil change person on duty at any given time.

a) On average what would the length of the line be?

b) On average how long would each car spend at the oil change outlet?

c) On average how long would each driver have to wait before receiving service

d) If the owner wants to lease some new equipment for the oil change outlet so that the average customer spends 15 minutes in the system what level or speed of service rate must the oil change crew deliver?

e) If the owner values his custermers time in the system at $30 per hour and the oil change garage is open 12 hours a day what is most that he shuld be willing to pay (as a daily lease coat) to achieve the 15 minute time in system goal listed above?

Reference no: EM13956013

Questions Cloud

Balance sheet as of december : Balance sheet as of December 31, 2010 Gary and Company- cash                               $45                             Accounts payables                     $45
El bulli: the taste of innovation : Read the case which can be found on the iTunes U course shell and write a brief case analysis about the organization. A case analysis is NOT a summary, but rather an in depth examination of the concepts described as they relate to the course conte..
A company is applying for a line of credit at a bank : Discuss why a current ratio of 2 to 1 might indicate problems for the company.
Simple rate of return and payback analysis of two machines : Blue Ridge Furniture is considering purchasing two different items of equipment, as described below: Machine A. A machine has just come onto the market that compresses sawdust into various shelving products. Currently, the sawdust is disposed of as..
On average what would the length of the line be : If the owner wants to lease some new equipment for the oil change outlet so that the average customer spends 15 minutes in the system what level or speed of service rate must the oil change crew deliver?
Preference ranking of investment projects : Since limited funds are available for investment, Yancy & Company must ration the funds among four competing projects. Selected information on the four projects follows:
How do they demonstrate newton second law : Fill in the following table, using the value of a obtained from the simulation. Record and calculate data to the nearest three decimal places. The masses in the table are in kg, but the input data are in grams, so make the necessary conversions. ..
Propose a scenario to reduce your clients tax liability : Propose a scenario to reduce your clients tax liability by changing U.S. Source income into foreign source income in a way that will not generate any additional foreign tax.
Explain binomial and normal distribution : What is the probability that the auto dealer will need to order more transmissions? You should take your calculations to 4 decimal places.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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