Question: Two new checkout scanning systems are under consideration by a retail store. Arrivals to the checkout stand follow the Poisson distribution with = 3 per

Two new checkout scanning systems are under consideration by a retail store. Arrivals to the checkout stand follow the Poisson distribution with = 3 per minute. The cost for waiting is $15 per hour. The first system has an exponential service rate of five per minute and costs $10 per hour to operate. The second system has an exponential service rate of nine per minute and costs $20 per hour to operate. Which system should be chosen? (Give your numerical values in dollars per minute. Round your answers to two decimal places.)
The first system costs $ per minute and the second system costs $ per minute. The ---Select--- first second system should be chosen.
Two new checkout scanning systems are under consideration by a retail store. Arrivals to the checkout stand follow the Poisson distribution with =3 per minute. The cost for waiting is $15 per hour. The first system has an exponential service rate of five per minute and costs $10 per hour to operate. The second system has an exponential service rate of nine per minute and costs $20 per hour to operate. Which system should be chosen? (Give your numerical values in dollars per minute. Round your answers to two decimal places.) The first system costs $ per minute and the second system costs $ per minute. The system should be chosenStep by Step Solution
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