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Question: A workstation with a single machine for processing has a long-run average inventory level (WIP) of 25 jobs. The average rate at which jobs enter the workstation is 4 per hour, and the average processing time is 14.5 minutes per job. What is the average time that a job spends in the queue?
Finite Random Walk. An object moves on a horizontal line in discrete steps. At each step it is equally likely to move one unit to right or one unit to the left.
Matrix Perturbation. Show that given any n × n matrix A and an arbitrary e > 0, it IS possible to perturb the entries of A by an amount less than e.
In a game of Yahtzee, you roll 5 dice each turn. What is the probability that on one turn exactly two of the dice end up with the value 3. (Hint: use the binomial distribution for this problem.)
The Feed 'N Ship Ranch fattens cattle for local farmers and ships them to meat markets in Kansas City and Omaha. The owners of the ranch seek to determine the amounts of cattle feed to buy so that minimum nutritional standards are satisfied, and a..
What is the difference between Data and Information - To have an effective communication you need to meet two conditions, mention these conditions.
Management in Pharmgen Corporation has come up with three possible decisions. The first one, the base case, is to leave things the way it is. The second one is to embark on an aggressive advertising campaign which would change the profit number in..
If a reasonable risk-adjusted discount rate for MRK is 15%, use the constant growth model to calculate the highest P/E ratio aggressive growth-stock investors would be willing to pay for MRK. Would MRK appeal to growth at a reasonable price invest..
Suppose we have an optimal basic feasible solution for an LP in standard form. If we increase the cost of a non-basic variable xn, the current solution will always remain optimal.
Distinguish between: Statistic and parameter and Sample frame and population.
Blackjack. or twenty-one as it is frequently called, is a popular gambling game played in Las Vegas casinos. A player is dealt two cards.
Julia may lease a warming oven for $600 for a six game football home-season game. the oven has 16 shelves, and each shelf is 3 feet by 4 feet. she plans to fill the oven with the food times (pizza, hot dogs and barbecue sandwiches) before the ga..
Now, use the model you developed to find the total balance after 5 years if a person starts with an initial deposit of $500 on the first day of a given month and deposits $100 on the first day of every subsequent month.
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