Ask Accounting Basics Expert

11.1. Consider a typical hospital emergency room.

a. Describe why it is a queueing system.

b. What is the queue in this case? Describe how you would expect the queue discipline to operate.

c. Would you expect random arrivals?

d. What are service times in this context? Would you expect much variability in the service times?

Question 12.1)The symbols to the left of some of the problems (or their parts) have the following meaning:

E*: Use Excel.

Q*: Use the Queueing Simulator.

An asterisk on the problem number indicates that at least a partial answer is given in the back of the book.

12.1.* Use the random numbers in cells C13:C18 of Figure 12.1 to generate six random observations for each of the following situations.

a. Throwing an unbiased coin.

b. A baseball pitcher who throws a strike 60 percent of the time and a ball 40 percent of the time.

c. The color of a traffic light found by a randomly arriving car when it is green 40 percent of the time, yellow 10 percent of the time, and red 50 percent of the time.

Below is the answer on the back of the book

12.1.   b. Let the numbers 0.0000 to 0.5999 correspond to strikes and the numbers 0.6000 to 0.9999 correspond to balls. The random observations for pitches are 0.3039 = strike, 0.7914 = ball, 0.8543 = ball, 0.6902 = ball, 0.3004 = strike, 0.0383 = strike.

12.1) Figure

The Probability Distribution of Breakdowns for Heavy Duty's Motors, and the Corresponding Random Numbers Corresponding Random Numbers

Day                      Probability of a Breakdown                    Corresponding Random #

1,2,3                                         0                                                       

4                                            0.25                                                     0.0000 to 0.2499

5                                            0.5                                                       0.2500 to 0.7499

6                                           0.25                                                      .7500 to 0.9999

7or more                                  0

12.7.    Generate three random observations from the uniform distribution between - 10 and 40 by using the following random numbers: 0.0965, 0.5692, 0.6658.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91802744

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As