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Benny the Barber owns a one-chair shop. At barber college, they told Benny that his customers would exhibit a Poisson arrival distribution and that he would provide an exponential service distribution. His market survey data indicate that customers arrive at a rate of 2.5 per hour. It will take Benny an average of 20 minutes to give a haircut. Based on these figures, find the following:
a. The average number of customers waiting. (Round your intermediate calculations to 3 decimal places and final answer to 2 decimal places.)
b. The average time a customer waits. (Round your answer to 2 decimal places.)
c. The average time a customer is in the shop. (Round your intermediate calculations to 3 decimal places and final answer to 1 decimal place.)
International Cow Packers (ICP) is a $12 billion meat processor (slaughter, processing, and packing). Founded in 1943, ICP has grown to become the largest beef and pork processor in the United States (revenues come 90% from beef and 10% from pork) an..
The new school year is coming up and you wonder if you should just take whatever school supplies you need from the office
An HMO has a Point of Service (POS) option for its members, but will pay only 80 percent of approved charges. If a member goes out of network for a medical procedure with a charge of $2,000, of which $1,200 is approved, how much must the member pa..
Identify two medium to large-sized cities’ law enforcement agencies within the United States. Write a three to five page paper comparing two organizational design structures relating to the law enforcement organizations.
"Coach Knight: A Will to Win" and "Coach K: A Matter of the Heart." Address the following questions and concepts: 1) based on the principle of path-goal theory, evaluate the actions of the two coaches, and then provide an analysis of how they have (o..
Classify what may be "defects" in their processes also explain how improvement might be measured. Illustrate what would you improve also explain how should the store implement the changes you are recommending.
Explain the difference between financial accounting and managerial accounting and briefly describe an example of each in a health service organization.
In 300 or more words, Imagine that you are the chief financial officer (CFO) of a firm of your choosing. One of your company's business units comes to you asking for $1,000,000 in capital to finance a project of theirs for the coming year. What are s..
One small business owner said that he had to teach his younger employees what a “dial tone” was. Do you have phone aversion? Do you think it is possible to build a solid business relationship with customers using only text messaging, e-mail, and soci..
Rose is a risk-averse decision-maker and faces a decision involving the oil rights on a piece of land. A decision analyst helps her determine an appropriate utility function by asking her to consider what she would do in some hypothetical situations.
identify three unconscious factors that may affect your negotiation effectiveness and explain why or how that phenomenon may occur.
Fibrous Incorporated makes products from rough tree fibers. Its product line consists of five items processed through one of five machines. The machines are not identical, and some products are better suited to some machines. Given the following prod..
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