Customers arrive at Rich Dunn's Styling Shop at a rate of 4 per hour, distributed in a Poisson fashion. Service times follow a negative exponential distribution, and Rich can perform an average of 6 haircuts per hour.

1. The average number of customers waiting for haircuts= (round your response to two decimal places).
2. The average number of customers in the shop= (round your response to two decimal places).
3. The average time a customer spends in the shop= (round your response to two decimal places).
4. The percentage of time that Rich is busy= (round your response to two decimal places).

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to: