Question: i need help starting this problem i don't know where to begin A WCU Entrepreneurship major is starting a house painting business. Based on responses

i need help starting this problem i don't know where to begin

A WCU Entrepreneurship major is starting a house painting business. Based on responses to local advertising and to informal surveys, she anticipates getting four painting jobs per week (Poisson distributed). She has estimated it will take a 4-person team 0.7 weeks to compete a typical job (exponentially distributed).

Determine the number of teams needed if the goal is to have customers wait no more than 2 weeks to have their house painted.

If the average price for a painting job is $6,800 and the painters each make $500/week, will she make any money? If so, how much? Show how you arrived at the answer.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Cab Company Scheduling let Di = # of drivers who start their 8 hour shift in period I (I = 1,2,3,4,5,6) period 1 12:00:00 AM--4:00am period 4 12 noon -- 4:00pm period 2 4:00am -- 8:00am period 5...

The Sylva Burger Doodle has one drive through window. Customers arrive at the rate of 10 per hour (Poisson distribution). It takes an average of four minutes (exponentially distributed) to fill an...

A WCU Entrepreneurship major Is starting a house painting business. Based on responses to local advertising and to informal surveys, she anticipates getting four painting jobs per week (Poisson...

This reflection discussion paper should be 5-6 paragraphs (minimum 500 words; maximum 1,000 words) and cover in-depth the assigned chapter reading above. Paper may take 1 or 2 topics and examine them...

Based on the case "The frameworkers" (p.376) from Entrepreneurship Custom Publication for Concordia University. book Weigh the relevant pros and cons for the Newmans of operating a U-Frame-It...

Yeayyy.com: venturing into mobile app business Gearing up for the future Yeayyy.com was incorporated as a private limited company in February 2010. Its office was located in Bandar Baru Bangi,...

Help me please. In the month of September, all of the walmart grocery stores in Virginia sold 429,382 eggs. In that same month, all of the walmart grocery stores in Texas sold 283,054 eggs. How many...

Chapter 5 - Decision Making, learning, Creativity, and Entrepreneurship Decision making is the process by which managers respond to opportunities and threats by analyzing the options and making...

Yeayyy.com: venturing into mobile app business Gearing up for the future Yeayyy.com was incorporated as a private limited company in February 2010. Its office was located in Bandar Baru Bangi,...

Microwave Oven, the microwaves in a certain microwave oven have a wavelength of 12.2cm. (a) How wide must this oven be so that it will contain five anti-nodal planes of the electric field along its...

Which of the following is true of virtual organizations? a. They are networks of dependent companies and manufacturersconnected via information technologies. b. They need central offices for...

The audit of interest expense may reveal the existence of unrecorded debt. Group startsTrue or False

15-20. Evaluate Transfer Pricing System Seattle Transit Ltd. operates a local mass transit system. The transit authority is a state governmental agency. It has an agreement with the state government...