Calls arrive at Lynn Ann Fishs hotel switchboard at a rate of 2 per minute. The average
Question:
Calls arrive at Lynn Ann Fish’s hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. There is only one switchboard operator at the current time. The Poisson and exponential distributions appear to be relevant in this situation.
What is the probability that the operator is busy?
What is the average time that a customer must wait before reaching the operator?
What is the average number of calls waiting to be answered?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 36% (11 reviews)
MM1 model with ...View the full answer
Answered By
Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
4.60+
16+ Reviews
28+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
Calls arrive at James Hamanns hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. There is only one switchboard operator at the current time. The Poisson and...
-
Over the past five years, the average time to resolve customer complaints at Allen Retailing has been 3.4 days. Allen has recently instituted a new complaint processing procedure and tested it on a...
-
Adair Corp. is concerned because the average time to collect its accounts receivable was 15 days longer than its normal credit terms of net 30. Adair reported the following in the Current Assets...
-
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years...
-
A long retaining wall is braced by wood shores set at an angle of 30° and supported by concrete thrust blocks, as shown in the first part of the figure. The shores are evenly spaced, 3 m apart....
-
For each of the following cognitive biases, provide at least one example from your own life. a. Confirmation bias b. Self-serving bias c. The overconfidence effect d. Hindsight bias e. The...
-
Which component of the rate of return on investment (profit margin or investment turnover) focuses on efficiency in the use of assets and indicates the rate at which sales are generated for each...
-
Sharon Feldman, president of Allied Company, considers $20,000 to be a minimum cash balance for operating purposes. As can be seen from the following statements, only $15,000 in cash was available at...
-
14. Refer to the Milo Enterprises financial statements (below). If the firm does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the...
-
Your brother has just started a new job as the Controller of an IESBA restricted audit client. You do not serve on the audit engagement. What steps must you take to ensure your independence is not...
-
The pharmacist at Arnold Palmer Hospital, Wende Huehn- Brown, receives 12 requests for prescriptions each hour, Poisson distributed. It takes her a mean time of 4 minutes to fill each, following a...
-
Virginias Ron McPherson Electronics Corporation retains a service crew to repair machine breakdowns that occur on average = 3 per 8- hour workday (approximately Poisson in nature). The crew can...
-
A consolidation test (Taylor, 1948) was conducted on a sample of soft Chicago silty clay. The specimen had a dry weight of 343.57 g and a density of solids of 2.65 Mg/m3. The area of the ring was...
-
Imperial Jewelers manufactures and sells a gold bracelet for $407.00. The company's accounting system says that the unit product cost for this bracelet is $259.00 as shown below: Direct materials...
-
The cash flows from these three investments are as follows: Investment Alternatives End of Year B C 1 $20,000 $20,000 2 20,000 345619 20,000 20,000 20,000 $20,000 6 20,000 100,000 8 20,000 20,000 a....
-
How do decentralized finance (DeFi) platforms utilize smart contracts and decentralized autonomous organizations (DAOs) to create novel financial instruments and protocols, enabling peer-to-peer...
-
The following unadjusted trial balance has been prepared for Sellit Realty Corporation at the end of its first year of operations, December 31, 2022 Acct. No. Account 101 Cash 110 Accounts receivable...
-
Most spreadsheets do not have a built in formula to calculate the payback period. Write a VBA script that calculates the payback period for a project. Year Cash Flow 0 $ 6 2 5 , 0 0 0 , 0 0 0 1 ...
-
(a) Determine the reactions and all bar forces of the three-hinged, trussed arch in Figure P6.27 for the following cases: Case A: Only the \(90-\mathrm{kN}\) force at joint \(D\) acts. Case B: Both...
-
You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count (i.e., the mean number of customers...
-
How do you convince teams and leadership to think in terms of revenue growth and not pure costs?
-
Backwoods American, Inc., produces expensive water repellent, down-lined parkas. The company implemented a total quality-management program in 2005. Following are quality-related accounting data that...
-
Backwoods American, Inc., produces expensive water repellent, down-lined parkas. The company implemented a total quality-management program in 2005. Following are quality-related accounting data that...
-
The Backwoods American Company in Problem 2-1 produces approximately 20,000 parkas annually. The quality management program the company implemented was able to improve the average percentage of good...
-
A bond, with a par value of $ 1 0 0 0 and is redeemable at par, pays semiannual coupons at a coupon rate 1 2 % . The bond is priced to yield 8 % compounded semiannually. The bond matures on 4 / 1 / 2...
-
The April9, 2015, price quotation for acall option on LTD stock with a strike price of $66 and due to expire in December is $24.80, while the LTD stock priceis $73.80. The premium on one LTD December...
-
Table C. Calculate Monthly Cash Payments (15 pts): December January February March Units to be produced (Table A) 1,800,000 1,400,000 2,000,000 2,500,000 Materials (from the previous month)* Labour...
Study smarter with the SolutionInn App