Consider a bank with one teller, an average arrival rate of six customers per hour, and an average service rate of eight customers per hour. Assume that the coefficient of variation of both the service time distribution and the arrival time distribution is 1.0. Calculate the utilization factor (u).
A.
2.25
B.
0.75
C.
2.00
D.
3.00
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Consider a bank with one teller, an average arrival rate of six customers per hour, and an average service rate of eight customers per ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of a firm's existing cash flow. b. Expenses that have already been incurred and cannot be recovered. c.
Answers (1)
Since your birth , your grandparents have been depositing $ 100 into a savings account every month. The account pays 9 % interest annually.
Answers (1)
Goldin Corporation currently pays its salesperson a flat salary of $5,000 per month and is considering paying him $20 per unit instead. Sales are currently 200 units per month. Goldin believes the compensation change will increase unit sales by 50%.
Answers (1)
Bailand Company purchased a building for $210,000 that had an estimated residual value of $10,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation.
Answers (1)
Suppose that Larimer Company sells a product for $24. Unit costs are as follows: Direct materials $4.98 Direct labor 2.10 Variable factory overhead 1.00 Variable selling and administrative expense 2.
Answers (1)
New Questions in Business
Marin Inc. has an investment in trading securities of $143000. This investment experienced an unrealized loss of $7300 during the current year.
Answers (1)
Jim Bob Airlines has one 57 seat plane. On its last five flights it had 44 passengers from MSY to DFW, 49 passengers from DFW to OKL, 36 passengers from OKL to TUL, 30 passengers from TUL to FWB, and 49 passengers from FWB to MSY.
Answers (1)
All of the following are stakeholders of a firm, except
Answers (2)
A country currently has an outstanding debt of $45 billion. Its current-year expenditures are $12 billion and its tax revenue is $14 billion.
Answers (1)
Yakov left his job as a plumber when his wife took a position in another region. the quantity of plumbing services demanded is considerably lower in the new region, in part because of high union-negotiated wages.
Answers (1)