Question: The associate dean of the college of business at Tech
The associate dean of the college of business at Tech is determining which of two copiers he should lease for the college’s administrative suite. A regular copier leases for $8 per hour, and it takes an employee an average of 6 minutes (exponentially distributed) to complete a copying job. A deluxe, high-speed copier leases for $16 per hour, and it requires an average of 3 minutes to complete a copying job. Employees arrive at the copying machine at a rate of 7 per hour (Poisson distributed), and an employee’s time is valued at $10 per hour. Determine which copier the college should lease.
Answer to relevant QuestionsThe Quick Wash 24-hour Laundromat has 16 washing machines. A machine breaks down every 20 days (exponentially distributed). The repair service with which the Laundromat contracts takes an average of 1 day to repair a machine ...The Riverview Clinic has two general practitioners who see patients daily. An average of six patients arrive at the clinic per hour. Each doctor spends an average of 15 minutes with a patient. The patients wait in a waiting ...Hudson Valley Books is a small, independent publisher of fiction and nonfiction books. Each week the publisher receives an average of seven unsolicited manuscripts to review (Poisson distributed). The publisher has 12 ...Judith 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 ...The time between arrivals of cars at the Petroco Service Station is defined by the following probability distribution:Time BetweenArrivals (min.) ......... Probability1 ............... .152 .............. .303 .............. ...
Post your question