Question
Jack Insurance leases a copying machine for $45 per day that is used by all individuals at their office. An average of five persons per
Jack Insurance leases a copying machine for $45 per day that is used by all individuals at their office. An average of five persons per hour arrives to use this machine, with each person using it for an average of eight minutes. Assume the interarrival times and copying times are exponentially distributed. If the company can lease another copying machine for $45 per day, should they do it? and why?
Group of answer choices
A. Yes, the second machine can save daily wage wasted by $90
B. Yes, the second machine can save daily wage wasted by $60
C. No, the second machine only save daily wage wasted by $40
D. No, the second machine only save daily wage wasted by $70
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started