subject
Business, 22.05.2020 00:09 stephanielynch

Jim McDonald, manager of the fast-food hamburger restaurant McBurger, realizes that providing fast service is a key to the success of the restaurant. Customers who have to wait very long are likely to go to one of the other fast-food restaurants in town next time. He estimates that each minute a customer has to wait in line before completing service costs him an average of 30 cents in lost future business. Therefore, he wants to be sure that enough cash registers always are open to keep waiting to a minimum. Each cash register is operated by a part-time employee who obtains the food ordered by each customer and collects the payment. The total cost for each such employee is $9 per hour. During lunch time, customers arrive according to a Poisson process at a mean rate of 66 per hour. The time needed to serve a customer is estimated to have an exponential distribution with a mean of 2 minutes. Determine how many cash registers Jim should have open during lunch time to minimize his expected total cost per hour. If Jim treats the customer as a finite calling population with the number of customers 25 and each customer arrives according to a Poisson process at a mean rate of 5 per hour. Now determine how many cash registers he should have open during lunch time to minimize his expected total cost per hour.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 18:00
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
question
Business, 22.06.2019 19:00
The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.
Answers: 1
question
Business, 22.06.2019 21:30
Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach
Answers: 3
question
Business, 22.06.2019 22:50
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
Answers: 2
You know the right answer?
Jim McDonald, manager of the fast-food hamburger restaurant McBurger, realizes that providing fast s...
Questions
question
Mathematics, 23.01.2021 14:00
question
Engineering, 23.01.2021 14:00
question
Mathematics, 23.01.2021 14:00
Questions on the website: 13722367