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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.
What do companies have to do about their workforce force that has gotten older and there are not of younger to replace the aging workers? What will be the company best course of ac
w What steps can an organisation take to increase the motivational force for high levels of performance?
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Define the areas for environmental responsibility. Bennett and James areas for environmental responsibility: • Production for example, minimising waste and toxic emissions.
What are different benefits & limitations of Waiting Line Theory?
Discuss how globalization is affecting the political, legal, and economic forces impacting todays business environment?
1. What different kinds of management challenges these four CEOs faced as they took control of managing their different companies?
1) Explain what an entrepreneur and entrepreneur are. How are they the same and how are they different? 2) Give me an example of an entrepreneur and discuss two typical entrepre
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