Business, 02.03.2020 21:51 kkeith121p6ujlt
There is only one copying machine in the student lounge of the business school. Students arrive at the rate of lambda equals 50 per hour (according to a Poisson distribution). Copying takes an average of 50 seconds, or equals 72 per hour (according to a negative exponential distribution). a) The percentage of time the machine is used = 69.44 percent (round your response to the nearest whole number). b) The average length of the queue = 1.58 students (round your response to two decimal places). c) The average number of students in the system = nothing students (round your response to two decimal places).
Answers: 3
Business, 21.06.2019 17:10
Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.
Answers: 1
Business, 22.06.2019 17:30
Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?
Answers: 1
Business, 22.06.2019 22:00
Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.
Answers: 2
There is only one copying machine in the student lounge of the business school. Students arrive at t...
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