What is the variance of the time between arrivals

Assignment Help Macroeconomics
Reference no: EM13207292

Cars arrive at Carla's Muffler shop for repair work at an average of 3 per hour, following an exponential distribution.
(a) What is the expected time between arrivals?
(b) What is the variance of the time between arrivals?

Reference no: EM13207292

Questions Cloud

What is the purpose of international relations : What is the purpose of International Relations theory and what is the purpose of the state - describe the difference between scientific realism and transactional social constructionism
Compute the melting point of the metal : the absolute entropies of the solid and liquid metal are 24.0 and 66.2 J/K.mol, respectively, at the melting temperature. Calculate the melting point of the metal
What factors might account for such a curve : b.) If the firm faces a horizontal supply curve of labor at W*, how would it determine E*, the equilibrium level of of employment c.) Since it is an upward sloping curve, it will not pick E*. How will it decide how much labor to employ, and how wi..
Compute the ph at the equivalence point for the titration : Calculate the pH at the equivalence point for the titration of 0.170 M methylamine (CH3NH2) with 0.170 M HCl. The Kb of methylamine is 5.0× 10-4.
What is the variance of the time between arrivals : Cars arrive at Carla's Muffler shop for repair work at an average of 3 per hour, following an exponential  distribution. (a) What is the expected time between arrivals (b) What is the variance of the time between arrivals
Explain what is the final pressure in the flask : In a closed 1.00 L flask, 2.60 atm of CO reacts with 5.80 atm of O2 according to the equation below. Assuming that the temperature remains constant, what is the final pressure in the flask?
How and why the firms demand curve for labor will compare : Consider a firm with the same production function of $20 output price when 2 units of output are produced but operating under imperfect competition in the product market. Explain how and why the firms demand curve for labor will compare to that of..
How often do you look at a clock or watch during the day : How often do you look at a clock or watch during the day? Is there anything unnatural about being governed by clocks or watches? What would happen to modern society if all the timepieces stopped, never to run again?
State what is the volume of nitrogen at stp : Using the dumas method, you find that a sample weighing 71.6mg gives 3.84mL of nitrogen gas at 23 deg.celcius and 785 mmHg. What is the volume of nitrogen at STP?

Reviews

Write a Review

Macroeconomics Questions & Answers

  The organization you wish to pursue will convert

The organization you wish to pursue will convert existing hybrid Toyota Prius automobiles to plug-in hybrid vehicles.

  Elements of monopolistic competition

Early Classical economists found following diamond or water paradox perplexing: Why is water, which is so useful and so necessary, so cheap.

  By how much has the franc enchanced or depreciated

By how much has the Franc enchanced or depreciated against the dollar.

  Observability and accuracy of real interest rates compared

Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.

  Define the npv investment criterion

John Piderit the general manager of the Western Tool Company is considering introducing some new tools to the company's product line. The top management firm has identified three types of tools (referred to as projects A, B, and C). the various di..

  Analyze the basis for trends in consumption patterns

Examine the basis for trends in consumption patterns as discussed in the article. In your examine, think the utility derived from the products mentioned in article,

  Write a paper on unemployment

Write a paper on UNEMPLOYMENT. The paper should be professionally prepared with all graphs computer-generated using relevant data, with the axes labeled.

  Provide a business or political example of the prisoner

Provide a business or political example of the prisoner's dilemma from the field of game theory. What is the payoff for each participant in your example.

  Figuring out the optimal price and quantity

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university.

  Analyzing the price system in medical service substitution

Is the price system a "just" or "fair" way to allocate products: What about medical Services-What are substitution and income effects related to the Law of Demand?

  Question about aggregate demand

Think a country A with a population of 220 people; 200 are working age and 180 are in the labour force. Thirty people are without a job and 30 have a part time job.

  Explain the price elasticity of the aggregate industry

A firm in a competitive industry has marginal revenue which depends on the shape of the consumers' demand curve. In a competitive industry, the price elasticity of the aggregate industry supply curve will always be greater than or equal to the pric..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd