Business, 29.07.2020 01:01 Juliianatafur22

Gubser Welding, Inc., operates a welding service for construction and automotive repair jobs. Assume that the arrival of jobs at the company's office can be described by a Poisson probability distribution with an arrival rate of five jobs per 8-hour day. The time required to complete the jobs follows a normal probability distribution, with a mean time of 1.3 hours and a standard deviation of 1 hour. Answer the following questions, assuming that Gubser uses one welder to complete all jobs: a. What is the mean arrival rate in jobs per hour? Round your answer to four decimal places.
b. What is the mean service rate in jobs per hour? Round your answer to four decimal places.
c. What is the average number of jobs waiting for service? Round your answer to three decimal places.
d. What is the average time a job waits before the welder can begin working on it? Round your answer to one decimal place.
e. What is the average number of hours between when a job is received and when it is completed? Round your answer to one decimal place.
f. What percentage of the time is Gubser's welder busy? Round your answer to the nearest whole number.
% of the time the welder is busy.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:30

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Answers: 1

Answer

Business, 22.06.2019 12:30

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

Answers: 3

Answer

Business, 22.06.2019 14:40

Increases in output and increases in the inflation rate have been linked to

Answers: 2

Answer

Business, 22.06.2019 19:10

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?

Answers: 3

Answer

You know the right answer?

Gubser Welding, Inc., operates a welding service for construction and automotive repair jobs. Assume...

Questions