subject
Business, 14.03.2020 04:50 kaziyahf2006

Community Bank is planning to expand its drive-in facility. Observations of the existing single-teller window reveal that customers arrive at an average rate of 10 per hour, with a Poisson distribution, and that they are given FIFO service, with an average transaction time of 5 minutes. Transaction times have a negative exponential distribution. Community Bank has decided to add another teller. The cost of keeping a customer waiting in the system is represented as a $5-per-hour loss of goodwill. The hourly cost of a teller is $10. a) Assume that each teller is assigned two stations exclusively, that demand is divided equally among the stations, and that no customer jockeying is pemitted (i. e., customers can't switch between stations once they are in line). What is the average number of customers waiting in the entire system? Here, we want the total number of customers from the two stations and lines (round your response to 3 decimal digits).

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:50
The next dividend payment by savitz, inc., will be $2.08 per share. the dividends are anticipated to maintain a growth rate of 6 percent forever. if the stock currently sells for $42 per share, what is the required return?
Answers: 2
question
Business, 22.06.2019 12:10
Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?
Answers: 2
question
Business, 22.06.2019 19:40
Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.
Answers: 3
question
Business, 23.06.2019 02:30
Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.
Answers: 3
You know the right answer?
Community Bank is planning to expand its drive-in facility. Observations of the existing single-tell...
Questions
question
Mathematics, 16.12.2019 10:31
question
Mathematics, 16.12.2019 10:31
question
Chemistry, 16.12.2019 10:31
Questions on the website: 13722367