The manager of a grocery store in Decatur currently provides special service to people who still use checks to pay for food. They have a separate pay/bag line for people who insist on waiting for a dollar total to pull out their checkbook and start writing. On average, 30 customers per hour arrive at the checking pay/bag line and they can be modeled with a Poisson distribution. The clerk at this line can handle an average rate of 35 customers per hour and their service can be modeled with exponential distribution. For the service rate in question 6, what is the probability of having more than four check writers in the system?
a. 67%
b. 75%
c. 33%
d. 25%

In a sumif conditional function, what should be the order of terms in the parentheses?

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize