Jim Carter builds custom furniture, primarily cabinets, bookcases, small tables, and chairs. He works on only one piece of furniture for a customer at a time. It takes him an average of 5 weeks (exponentially distributed) to build a piece of furniture. An average of 14 customers approach Jim to order pieces of furniture each year (Poisson distributed); however, Jim will take only a maximum of 8 advance orders. Determine the average time a customer must wait to receive a furniture order once it is placed and how busy Jim is. What is the probability that a customer will be able to place an order with Jim?
Answer to relevant QuestionsJudith Lewis is a doctoral student at State University, and she also works full-time as an academic tutor for 10 scholarshiped student athletes. She took the job, hoping it would leave her free time between tutoring to ...In Problem 54 the passenger traffic arriving at the airport security gate varies significantly during the day. At times close to flight takeoffs, the traffic is very heavy, while at other times there is little or no ...Simulate the decision situation described in Problem 16(a) at the end of Chapter 12 for 20 weeks, and recommend the best decision.A city is served by two newspapers—the Tribune and the Daily News. Each Sunday readers purchase one of the newspapers at a stand. The following matrix contains the probabilities of a customer’s buying a particular ...In Problem 21, discuss how you might assess the accuracy of the average rating for Salem College students based on only 20 simulated dates.
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