Business, 18.06.2020 22:57 colochaortiz20p7cajw
The parts department of a large automobile dealership has a counter used exclusively for mechan- ics’ requests for parts. The time between requests can be modeled by a negative exponential distri- bution that has a mean of five minutes. A clerk can handle requests at a rate of 15 per hour, and this can be modeled by a Poisson distribution that has a mean of 15. Suppose there are two clerks at the counter. a. On average, how many mechanics would be at the counter, including those being served?b. What is the probability that a mechanic would have to wait for service?c. If a mechanic has to wait, how long would the average wait be?d. What percentage of time are the clerks idle?e. If clerks represent a cost of $20 per hour and mechanics a cost of $30 per hour, what number of clerks would be optimal in terms of minimizing total cost?
Answers: 3
Business, 21.06.2019 21:00, kenneditomejia
Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships. c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability
Answers: 2
The parts department of a large automobile dealership has a counter used exclusively for mechan- ics...
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