In a simulation model, the subinterval method is used to compute batch averages. The transient period is
Question:
In a simulation model, the subinterval method is used to compute batch averages. The transient period is estimated to be 100, and each batch has a time base of 100 time units as well. Using the following data, which provide the waiting times for customers as a function of the simulation time, estimate the 95% confidence interval for the mean waiting time.
Transcribed Image Text:
Time interval 0-100 100-200 200-300 300-400 400-500 500-600 Waiting times 10, 20, 13, 14, 8, 15, 6, 8 12, 30, 10, 14, 16 15, 17, 20, 22 10, 20, 30, 15, 25, 31 15, 17, 20, 14, 13 25, 30, 15
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
Discard observations during the transient ...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The balance sheet (computer aging) method is used to estimate the balance of the Allowance for Doubtful Accounts account for the end of each quarter. The program has analyzed all accounts receivable...
-
The dye dilution method is used to measure cardiac output with 8 mg of dye. The dye concentrations, in mg/L, are modeled by c(t) = t(12 t), 0 < t < 12, where is measured in seconds. Find the...
-
Waiting times for customers in an airline reservation system are (in seconds) 953,955, 948, 951,957,949, 954, 950, 959. a. Calculate the sample average. b. Calculate the sample standard deviation.
-
In Exercises, find the limit. lim (4x- x 16x - x
-
What are the two primary purposes of conducting an intellectual property audit? What risks does a company run if it doesnt periodically conduct an intellectual property audit?
-
In quantum cosmology, one can define a "wave function of the Universe" \(\Psi[a(t)]\), whose variable is the expanding scale factor of the Universe, \(a(t)\), and which satisfies a general relativity...
-
What is the significance of a statechart diagram?
-
High-power lasers in factories are used to cut through cloth and metal (Fig. P34.23). One such laser has a beam diameter of 1.00 mm and generates an electric field having amplitude of 0.700 MV/m at...
-
Greenwood Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering...
-
John decides to use co-ordinate geometry to check his calculations. By studying maps he concludes that the restricted airspace can be presented using a circle with equation: x + y - 18x - 14y + 117 =...
-
Solve the following simultaneous equations by converting the system to a nonlinear objective function with no constraints. x - x = 0 X2 X1 x = 2
-
Develop a spreadsheet model for evaluating following integrals using a Monte Carlo experiment with 5 replications, 20 observations each: (a) (b) (c) (d) f(x)=1 + 2x, 2 < x 5
-
Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are shown below and on page 86. Jan. 2 Invested $15,000 cash in the business in exchange for common...
-
Which of the following ratios would be most useful in determining a companys ability to cover its lease and interest payments? A. ROA. B. Total asset turnover. C. Fixed charge coverage.
-
Golden Cumulus Corp., a commodities trading company, reported interest expense of $19 million and taxes of $6 million. Interest payable increased by $3 million, and taxes payable decreased by $4...
-
In order to assess a companys ability to fulfill its long-term obligations, an analyst would most likely examine: A. activity ratios. B. liquidity ratios. C. solvency ratios.
-
Which of the following is most likely to appear in the operating section of a cash flow statement under the indirect method? A. Net income. B. Cash paid to suppliers. C. Cash received from customers.
-
An analyst compiles the following data for a company: Based only on the information above, the most appropriate conclusion is that, over the period FY13 to FY15, the companys: A. net profit margin...
-
Find the return on investment for 1,800 shares of a mutual fund purchased with an offer price of $28.47 if the shares were sold with a NAV of $26.99. The shares paid a dividend of $0.12 per share...
-
A. Select a recent issue (paper or online) of Report on Business Magazine, Canadian Business Magazine (online only), Bloomberg Businessweek, Fast Company, The Economist, or another business magazine....
-
Discuss what factors lead to inelastic demand and supply curves. Are they likely to be found together in the same situation?
-
Why would a marketing manager prefer to sell a product that has no close substitutes? Are high profits almost guaranteed?
-
If a manufacturers well-known product is sold at the same price by many retailers in the same co m munity, is this an example of pure competition? When a community has many small grocery stores, are...
-
Janet Yellen, Elizabeth Warren, and other politicians have recently (and in the past) made comments regarding Bitcoin and other crypto currencies. What are their arguments for or against these...
-
How is a sales budget prepared, and what information is included? Discuss.
-
In theory, to fund an increased dividend payout or a stock buyback, a firm might invest less, borrow more, or issue more stock. Which of those three elements is Rockboro's management willing to vary,...
Study smarter with the SolutionInn App