Question
A car mechanic, Carlos, is able to install new mufflers at an average rate of 1 every 20 minutes (following an exponential distribution). Customers needing
A car mechanic, Carlos, is able to install new mufflers at an average rate of 1 every 20 minutes (following an exponential distribution). Customers needing this service arrive at the shop (following a Poisson distribution) on an average of 2 per hour. What is the average number of cars waiting to be serviced in the shop, on average?
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ANSWER The average number of cars waiting in the shop is 05 CALCULATION Let W denote th...
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
