What is the smallest processing rate per hour

Assignment Help Project Management

Reference no: EM131160882

A business school is considering replacing its copy machine with-a faster model.

Past records show that the average student arrival rate is 24 per hour, Poisson distributed, and that the service times are distributed exponentially.

The selection committee has been instructed to consider only machines that will yield an average turnaround time (i.e., expected time in the system) of 5 minutes or less.

What is the smallest processing rate per hour that can be considered?

Reference no: EM131160882

Questions Cloud

Connection between organized crime and terrorism : QUESTION: According to Frank Bovenkerk and Bashir Abou Chakra's article, what evidence do they provide to support the connection between organized crime and terrorism? Give an example from outside of the course readings that you could use to suppo..

Determining the price of the stock : A put option on Macrohard stock with a strike price of $36 has a time value of $1.50, and a premium of $4.00. What must be the price of the stock?

Find the number of existing hate groups operating : Do law-enforcement officers need to be trained to handle hate crimes? Why or why not? What are the training options available for law-enforcement officers to increase their skills in handling hate crimes? Are the available training options adequat..

Corporate finance-risk and return : If a portfolio has a positive investment in every asset, can the expected return on the portfolio be greater than that on every asset in the portfolio? If the answer is yes to one or both of the questions, give an example to support your answer.

What is the smallest processing rate per hour : A business school is considering replacing its copy machine with-a faster model.- What is the smallest processing rate per hour that can be considered?

Calculate the ear for the bond : The government's National Solidarity Bond offers 50% gross return after 10 years. Calculate the EAR for the bond.

Predict the outcome of the price-fixing game : Is the promise to match any lower price a substantive promise or an empty promise?

Balance for net operating working capital : Calculate the end-of-year balance for net operating working capital. (Enter answer in million dollars rounded to 1 decimal place)

Does press play positive or negative role terrorist in acts : Does the press play a positive or negative role in reporting domestic terrorist acts and groups? Explain your answer in full

User Account

All Pages