Question
Please Solve in Excel. I have provided a template below which will help with question 1. Change values to the appropriate values given int he
Please Solve in Excel. I have provided a template below which will help with question 1. Change values to the appropriate values given int he problem.
Ray is planning to open a small car-wash operation for washing just one car at a time. He must decide how much additional space to provide for waiting cars. Ray estimates that customers would arrive according to a Poisson input process with a mean rate of 1 every 4 minutes, unless the waiting area is full, in which case the arriving customers would take their cars elsewhere. The time that can be attributed to washing one car has a exponential distribution with a mean of 2 minutes.
1. Compare the expected fraction of potential customers that will be lost because of inadequate waiting space if additional space provided is 0,1,2,3 and 4.
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