There are 5 taxis working at a taxi stop. The mean travel time from leaving the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
There are 5 taxis working at a taxi stop. The mean travel time from leaving the stop to coming back to stop takes 1 hour on average. On the other hand, the mean time between the arrivals of passengers to the stop is 30 minutes. a. Draw the transition diagram of CTMC for the number of taxis at the stop. b. Find the probability that there will be no taxi at the stop in steady-state. There are 5 taxis working at a taxi stop. The mean travel time from leaving the stop to coming back to stop takes 1 hour on average. On the other hand, the mean time between the arrivals of passengers to the stop is 30 minutes. a. Draw the transition diagram of CTMC for the number of taxis at the stop. b. Find the probability that there will be no taxi at the stop in steady-state.
Expert Answer:
Answer rating: 100% (QA)
a To draw the transition diagram of a ContinuousTime Markov Chain CTMC for the number of taxis at th... View the full answer
Related Book For
Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
Posted Date:
Students also viewed these mathematics questions
-
7. Uber has been using surge pricing. According to Uber, price surging happens often at peak times in the morning and again in the evening rush hours when everyone is heading back from work. In other...
-
Olde World Windows and Doors is a manufacturer of steel windows and doors for both residential and commercial applications. The following problems are decisions that senior management faces in...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Chee, single, age 40, had the following income and expenses during 2017: Calculate Chees taxable income for the year before personal exemptions. If Chee has any options, choose the method that...
-
Evaluate the function at the given value of x. Round your result to three decimal places. Function ................................................................................. Value 1. f (x) =...
-
a. What is the days sales outstanding (DSO) for a firm whose sales are $2,920,000 per year and whose accounts receivable are $312,000? b. Is it true that if this firm sells on terms of 3/10, net 40,...
-
Why do currency differences affect foreign exchange reporting?
-
Shelly Beaman (social security number 412-34-6670) is single and resides at 540 Front Street, Ashland, NC 27898 Shely's W-2 wages Federal withholding Social security wages Social security withholding...
-
nsider the following function. Find the inverse function, express it as a function of x, and find the derivative of the inverse function. f(x) = X x-6 1(x)=
-
A large company is planning to downsize. A consultant suggests the following: 1) It makes sense to focus on one of your unionized plants. We suggest that you reduce the 300 employees at that plant to...
-
Choose the correct shear diagram for the rigid beam supported in equilibrium under the loads as shown in the top figure below. a) b) c) d) 2
-
HM has operating income (EBIT) of $750,000. The depreciation expense is $200,000. HM is 100% equity financed and faces a 40% tax rate. a. What is the company's net income? b. What is its net cash...
-
Find the slope and y-intercept of each line. 1. y=-13x Slope y-int 2. 5x-y+2=0 Slope y-int 3. -3x+2y-4-0 Slope y-int
-
Buckson Framing's cost formula for its supplies cost is $1350 per month plus Sta per bame. For the morth of June the company pared for atuty of 76 Banes, but the actual level of actulty wars 73...
-
Provide the bank reconciliation using the amounts provided below: a. Balance per books, $23,560 b. Balance per bank, $18,935 c. Checks outstanding, $7,980 d. Deposits in transit, $12,570 e. Bank fee,...
-
Everyone Does It Steven M. Cox and Shawana P. Johnson Jim Willis was the Vice President of Marketing and Sales for International Satellite Images (ISI). ISI had been building a satellite to image the...
-
computer equivalent units for direct materials and conversioncost.show physical units in the first column of your schedule 0 answers
-
What is beacon marketing? What are digital wallets?
-
Reconsider the Southwestern Airways crew scheduling problem presented in Section 7.4. Because of a blizzard in the Chicago area, all the flights into and out of Chicago (including flights 4, 6, 7,...
-
a. Determine the amount of potatoes and green beans Maria should purchase each week for the casserole to minimize the ingredient costs while meeting nutritional, taste, and demand requirements....
-
Reconsider the Little-town Fire Department problem presented in Section 6.4 and depicted in Figure 6.11. FIGURE 6.11 Due to maintenance work on the one-mile road between nodes A and B, a detour...
-
Direct on the Dollar. Calculate the forward discount on the dollar (the dollar is the home currency) if the spot rate is $1.5800/ and the 6-month forward rate is $1.5550/.
-
Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit. Citibank quotes U.S. $1.5900 = 1.00 dollar per...
-
Around the Horn (B). Assume the following bid-ask quotes and calculate how the market trader can now make an intermarket arbitrage profit. Banks Spot Rates Citibank $1.6192-96/ National Westminster...
Study smarter with the SolutionInn App