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Question - A harvesting firm has six combines, each requiring service at an average rate of once every 40 hours, according to an exponential distribution. The firm has a mechanic who needs four hours to complete the average repair with exponential service times.
a. What is the average utilization of the mechanic?
b. What is the average number of combines in the system?
c. What is the average number of combines in line?
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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