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The Quick Wash 24hour Laundromat has 16 washing machines. A machine breaks down every 20 days (exponentially distributed). The repair service with which the Laundromat
The Quick Wash 24hour Laundromat has 16 washing machines. A machine breaks down every 20 days (exponentially distributed). The repair service with which the Laundromat contracts takes an average of 1 day to repair a machine (exponentially distributed). A washing machine averages $5 per hour in revenue. The Laundromat is considering a new repair service that guarantees repairs in 0.50 day, but it charges $10 more per hour than the current repair service. Should th e Laundromat switch to the new repair service?Solve for W.
a.
EXTRA COST OF SERVICE = | ||||
24x vs. 12(x+10) | ||||
x | x + 10 | 24x | 12(x+10) | difference |
10 | ||||
20 | ||||
5 |
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