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An urn contains nine white balls and 11 black balls. A ball is drawn and replaced. If the ball is white your opponent pays you 25 cents. If it is black you pay him 25 cents. You have one dollar and your opponent has 50 cents. Play continues until one of you is broke. What is the probability that you lose all your money? What is the expected number of times that you play prior to the game ending? What is the answer to these two questions if both you and your opponent started with 75 cents? 2. The manager of the Hippon Drug Store is remodeling his facility and is considering three ways of organizing his branded-items business. The first way is to employ a fast clerk to wait on all customers. Assume such a clerk serves customers exponentially at an average rate of two minutes per customer. The second way is to employ two moderately fast clerks to wait on all customers. Assume each serves customers exponentially at an average rate of four minutes per customer. The third way is to use a self-service system in which each customer waits on himself. Self-service, at an average rate of six minutes, is slower than clerk service. The manager wants to calculate the average number of customers in the store, the average time each spends in the store, and the average time each spends waiting for service, under each way of organizing. Assume that customers arrive completely randomly, one at a time, at the rate of 15 per hour. Calculate the operating characteristics of interest to the manager.
Failure to anticipate and mitigate circumstances that might impede the success of change initiatives is why so many initiatives fail. From a business managers perspective, what doe
Explain why is it important to pay more attention to the firm's ROE if you are the firm's shareholder (investor) and explain how to use the DuPont equation to see how the ROE can b
The forecasted demand for fudge for the next four months is 140, 160, 90 and 70 pounds. A) What is the recommended production rate if a level strategy is adopted with no back order
Write your formal analysis of your Color Q self-assessment results. I will look for the following information What primary and secondary color type are you? (MY COLOR ARE GOL
Explain all types of worker's participation. Types of Worker's Participation - Worker's participation in management may take several forms, for example: (a) Formal partici
An operation setback chart _____. is based on lead times that typically include move and queue times and indicates a schedule for when to make a part. is a schedule for when
How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy, reflect different underlying cultural assu
Compare local Ohio advertising jobs to job openings in advertising in a global scale sumerize there result.
What are recent examples of unethical business decisions that have had a large impact on society?
#question.six operators are to be assinged with 5 jobs with cost of assingment in rs given in the matrix below 1 2 3 4 5 62526 25877 78698 62345 93897 47468
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