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A barbershop has the following demand for haircuts on Saturday, which is its busiest day of the week. Number of Haircuts Probability 2 0 0
A barbershop has the following demand for haircuts on Saturday, which is its busiest day of the week.
Number of Haircuts Probability
a What is the average demand for haircuts on Saturday?
b If the capacity is haircuts, what is the average utilization of the shop? Enter answer as a percent and round to decimal places.
c If capacity is haircuts, how much of a capacity cushion does it have?
d If it costs $ per lost haircut due to customer dissatisfaction and $ for each unit of capacity provided, how much capacity should be built to minimize costs?
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