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Hungry people come to Harry’s Hot-Dog Stand, following a Poisson distribution, on average one person every other minute. It takes Harry about 87 seconds to serve one customer (exponential). a. How long, on average, does it take for a hungry person to get a hot dog (including the time that they wait in line and the time that it takes for the transaction)? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Average time minutes b. What is the probability that a hungry person will be able to step right up and buy a hot dog without waiting? (Round your answer to 2 decimal places.) Probability c. What is the average number of hungry people waiting in line at Harry’s? (Round your answer to 2 decimal places.) Average number customers
Describe the importance of a project charter to the project manager. How does a strong project sponsor and clear project scope apply to the overall success of a project?
Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 2 decimal places.)
Our main topic for this week is corporate culture. Every organization adheres to certain cultural values. Sometimes they are obvious, sometimes not. Frankly, some values are good and some are not. Can you identify and comment on organizational values..
Which variable(s) has research results confirmed to be the most powerful in predicting profitability for an organization? You are a manager of a team of 50 professionals. One particular professional persists in accusing you of having your priorities ..
How is each of the three internal governance mechanisms - ownership concentration, boards of directors and executive compensation - used to align the interests of managerial agents with those of the firm's owners?
Describe internal factors affecting a movie theaters pricing strategy - costs, policies, etc. Describe external factors affecting a movie theaters pricing strategy - macro-environmental forces, competition, etc.
A mail-order house uses 15,010 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies. Number of Boxes Price per Box 1,000 to 1,999 $1.25 2,000 to 4,999 1.20 5,000 to 9,999 1.15 10,0..
Using the format provided in the text, design an incident response plan for your home computer. Include actions to be taken if each of the following events occurs: What other scenarios do you think are important and need a plan?
How large of a role should the Federal and State governments have in educational standards? Give good detail and be informative in your response, answer should be at least a few paragraphs long, make sure to be persausive to why you answered the way ..
A historical demand (observation) of paper sales in cases is: January, 45; February, 40; March, 35; April, 50; and May, 55. Using a two month moving average, what is the forecast for June? What is the difference if you use a three month moving averag..
Referencing the Service-Process Matrix select the example below that has low customization and low labor intensity. You are a manager at a retail establishment and you know that customers do not like waiting. Waiting is bad for business and you have ..
Consider your own collaborative history, either at work or in school. What are the characteristics of effective collaborative efforts, and good collaborators, in your experience? What are the characteristics of poor, ineffective collaborative efforts..
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