subject
Business, 05.05.2020 05:37 maddy6882

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 two jobs per 8-hour day. The time required to complete the jobs follows a normal probability distribution, with a mean time of 3.2 hours and a standard deviation of 2 hours. Answer the following questions, assuming that Gubser uses one welder to complete all jobs:

What is the mean arrival rate in jobs per hour? Round your answer to four decimal places.

jobs per hour

What is the mean service rate in jobs per hour? Round your answer to four decimal places.

jobs per hour

What is the average number of jobs waiting for service? Round your answer to three decimal places.

What is the average time a job waits before the welder can begin working on it? Round your answer to one decimal place.

hours

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.

hours

What percentage of the time is Gubser's welder busy? Round your answer to the nearest whole number.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 14:40
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
Answers: 2
question
Business, 22.06.2019 15:20
Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?
Answers: 2
question
Business, 22.06.2019 20:20
Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.
Answers: 3
question
Business, 22.06.2019 20:30
Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.
Answers: 3
You know the right answer?
Gubser Welding, Inc., operates a welding service for construction and automotive repair jobs. Assume...
Questions
question
Mathematics, 11.10.2019 12:50
Questions on the website: 13722363