Business, 01.07.2020 15:01 ImmortalEnigmaYT

Gubser Welding operates a welding repair shop. Assume that the arrival of jobs follows a Poisson arrival process with an average of 2 jobs in an 7 hour day. The time required to complete a job follows a normal distribution with mean time of 2.5 hours and standard deviation of 4 minutes. Assume 1 welder completes the jobs. 1. What is the mean arrival rate in jobs per hour? Round your answer to four decimal places.
2. What is the mean service rate in jobs per hour? Round your answer to four decimal places.
3. What is the average number of jobs waiting for service? Round your answer to three decimal places.
4. What is the average time a job waits before the welder can begin working on it? Round your answer to one decimal place.
5. What is the average number of hours between when a job is received and when it is completed? Round your answer to one decimal place.
6. What percentage of the time is Gubser's welder busy? Round your answer to the nearest whole number.
% of the time the welder is busy.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:30

Consider the following two stocks, a and b. stock a has an expected return of 10%, 10% standard deviation, and a beta of 1.20. stock b has an expected return of 14%, 25% standard deviation, and a beta of 1.80. the expected market rate of return is 9% and the risk-free rate is 5%. security would be considered a good buy if we include the stock in a well diversified a portfolio because a. b, it offers better alpha b. a, it offers better alpha c. a, it offers better sharpe ratio d. b, it offers better sharpe ratio

Answers: 1

Answer

Business, 21.06.2019 18:30

Shareholders of tesla recently expressed concerns that elon musk should give up some of his power on tesla's board by appointing two independent directors. which of the following is not a reason why elon musk is perceived to have significant power over tesla's board? 1. he is the founder of the firm and a successful entrepreneur, thus board members may be hesitant to challenge him.2. as the ceo and chairman of the firm he can easily determine what the board should discuss and how it should vote on strategic issues.3. all board members, except for kimbal, have been appointed to the board during elon's tenure.4. many of the firm's directors are outsider investment managers whose interests would not be aligned with those of firms' shareholders.

Answers: 3

Answer

Business, 22.06.2019 18:40

Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →

Answers: 3

Answer

Business, 22.06.2019 19:40

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.

Answers: 3

Answer

You know the right answer?

Gubser Welding operates a welding repair shop. Assume that the arrival of jobs follows a Poisson arr...

Questions