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A bank with one teller has customers arrive randomly an average of 15 minutes apart. The teller can serve a customer in an average of 12 minutes, exponentially distributed.
Find the exact values for the following per hour showing work:
a. λ (Lambda: arrival rate)
b. μ (Mu: service rate)
Most systems, including projects, can be conceptualized as hierarchical and network systems.
What is a private enterprise system? What four rights are critical to the operation of capitalism? Why would capitalism function poorly in a society that does not ensure these rights for its citizens? Define partnership and strategic alliance. How mi..
What entry strategy would be most appropriate for accessing this culturally-closed market?
Choose the target market for your product, and describe your target market in detail. Create a new product that would appeal to your market. Develop at least one question for each characteristic of the target market (demographic, geographic, psychogr..
What are some of the advantages of the supply chain used in the Japanese auto industry before the March 11 earthquake and tsunami
Once an organization has a good understanding of its external environment, how does it go about interpreting the possible effects on its operations and strategies? What guidelines could it use it for recognizing specific threats and opportunities tha..
How do you explain Kenny's acceptance by so many other people and the respect they have for him. Can all supervisors operate the way Kenny does- and be effective? Explain your answers.
What is the difference between line personnel and staff personnel? Why are the two groups so often in conflict? Do you think this would also be true in a virtual organization? How would you minimize the conflict problem? Would you rather hav..
Which are part of the mission statement: Competitors, suppliers, customers and potential new market entrants are examples of all except: The following are examples of differentiation except: Which are part of the mission statement:
Imagine that senior leadership is displeased with their performance management plan. Lay out a plan for senior leadership to automate this function. Give two (2) thorough examples of the value that performance management systems bring to an organi..
Many companies have engaged in sweatshop labor. Did the clothing company engage in unethical labor practices by utilizing sweatshop labor
Are these steps and processes adequate enough to meet the high standards of openness and transparency in a democratic society?
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