subject
Business, 30.11.2020 17:40 BaileyElizabethRay

Altug's Coffee Shop decides to install an automatic coffee vending machine outside one of its stores to reduce the number of people standing in line inside. Mehmet Altug charges $3.50 per cup. However, it takes too long for people to make change. The service time is a constant 1.50 minutes, and the arrival rate is 30 per hour (Poisson distributed). a. The average wait time in the line minutes (round your response to two decimal places).
b. The average number of customers waiting in the line customers (round your response to three decimal places)
c. Mehmet raises the price to? $5 per cup and takes 30 seconds off the service time?

However, because the coffee is now so expensive, the arrival rate drops to 24 per hour. The average wait time in the line minutes (round your response to two decimal places). The average number of customers waiting in the line customers ?(round your response to three decimal places.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:20
What are the general categories of capital budget scenarios? describe the overall decision-making context for each.
Answers: 3
question
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
question
Business, 22.06.2019 07:10
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
Answers: 1
question
Business, 22.06.2019 11:30
Which of the following is not an example of one of the four mail advantages of prices on a free market economy
Answers: 1
You know the right answer?
Altug's Coffee Shop decides to install an automatic coffee vending machine outside one of its stores...
Questions
question
Mathematics, 25.06.2021 09:30
question
Mathematics, 25.06.2021 09:30
question
Mathematics, 25.06.2021 09:30
question
Mathematics, 25.06.2021 09:30
Questions on the website: 13722359