Question: The Decision Sciences Department is trying to determine whether to rent a slow or a fast copier. The department believes that an employee's time is

The Decision Sciences Department is trying to
The Decision Sciences Department is trying to determine whether to rent a slow or a fast copier. The department believes that an employee's time is worth $15 per hour. The slow copier rents for $4 per hour and it takes an employee an average of 10 minutes to complete copying (exponentially distributed). The fast copier rents for $15 per hour and it takes an employee an average of 6 minutes to complete copying. An average of 4 employees per hour need to use the copying machine interarrival times are exponential). Which machine should the department rent based on the given costs? (each hour, some coying cost is incurred due to worth of employee' time, $15 + renting fee of copier), find the cost per hour and compare

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