Business, 31.07.2020 16:01, keelyrosewillia
You own a fast food shop, which also has a drive-thru window. Every day when you open the shop, you will wait on average for 30 minutes before the first customer walks in, and on average 15 minutes before the first vehicle comes to the drive-thru. Suppose both waiting times follow exponential distributions and they are independent. In the following questions, if you are using normal approximations, leave your final answer in terms of the standard normal CDF Φ.
(a) What is the average waiting time for your first customer of the day (either walk-in or drive-thru)?
(b) When the waiting time for the first customer exceeds 20 minutes, you call it a bad day. Approximate the probability that you will have more than 60 bad days in a year of 365 days. Justify your use of this approximation.
(c) When the waiting time for the first customer is shorter than 3 seconds (i. e., 0.05 minutes), it is a great day. Approximate the probability that you will have exactly 3 great days in a year.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 07:00, ladybugys
Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805
Answers: 1
Business, 22.06.2019 13:40, LilFabeOMM5889
The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)
Answers: 1
Business, 22.06.2019 23:30, keltaylor
Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)
Answers: 1
Business, 23.06.2019 12:50, sleimanabir
Delux technology has a reputation of reliability and a winning customer service, qualities that to build this highly respected name brand over the last 15 years. speaking at a recent business conference, steve, the ceo of delux, told his audience, "we have built our reputation by changing little over the last several years, but consistently customers with great, caring service and a reliable product." which type of strategy does delux technology use? a.) growth strategy b.) defensive strategy c.) retrenchment strategy d.) merger approach e.) stability strategy
Answers: 1
Do you know the correct answer?
You own a fast food shop, which also has a drive-thru window. Every day when you open the shop, you...
Questions in other subjects:
Mathematics, 05.10.2021 14:00
Mathematics, 05.10.2021 14:00
