Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Problem 13-19 John and Sons Wholesale Fruit Distributors employone worker whose job is to load fruit on outgoingcompany trucks. Trucks arrive at the loading gate atan average of 24 per day, or 3 per hour, according toa Poisson distribution. The worker loads them at arate of 4 per hour, following approximately the exponentialdistribution in service times.Determine the operating characteristics of this loading gate problem. What is the probability thatthere will be more than three trucks either being loaded or waiting? Discuss the results of your queuingmodel computation.

Problem 13-20 John believes that adding a second fruit loader willsubstantially improve the firm's efficiency. He estimates that a two-person crew, still acting like asingle-server system, at the loading gate will doublethe loading rate from 4 trucks per hour to 8 trucksper hour. Analyze the effect on the queue of such a change and compare the results with those found inProblem 13-19.

Problem 13-21 Truck drivers working for John and Sons (see Problems13-19 and 13-20) are paid a salary of $10 perhour on average. Fruit loaders receive about $6 perhour. Truck drivers waiting in the queue or at the loading gate are drawing a salary but are productivelyidle and unable to generate revenue during that time. What would be the hourly cost savings tothe firm associated with employing two loaders instead of one?

Problem 13-22 John and Sons Wholesale Fruit Distributors (ofProblem 13-19) are considering building a second platform or gate to speed the process of loading theirfruit trucks. This, they think, will be even more efficientthan simply hiring another loader to help outthe first platform (as in Problem 13-20).Assume that workers at each platform will beable to load 4 trucks per hour each and that truckswill continue to arrive at the rate of 3 per hour. Findthe waiting line's new operating conditions. Is thisnew approach indeed speedier than the other twoconsidered?

 

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91226976
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

A population has a mean of 400 and a standard deviation of

A population has a mean of 400 and a standard deviation of 50. Suppose a sample of size 125 is selected and is used to estimate . Use z-table. 1) What is the probability that the sample mean will be within +/- 6 of the p ...

If a fair coin is tossed five times what is the probability

If a fair coin is tossed five times, what is the probability of tossing exactly three heads?

Question 1 find the area between -88 standard deviations

Question 1: Find the area between .-88 standard deviations below the mean and 2.35 standard deviations above the mean. '88=.3106 and 2.3=.4906 Both figures are added .3106+.4906= .8012 which is 80.12% Question 2: The are ...

Anbsphow much money would you have to invest today to

a.  How much money would you have to invest today to accumulate ?$3,100   after  4 years  if the rate of return on your investment is 15?%? b.  What is the present value of ?$3,100 that you will receive after 4 years if ...

A cpu manufacturing company knows based on the machines

A CPU manufacturing company knows, based on the machines working at maximum productivity, that 90% of the CPU's coming off the line meet quality standards. The quality control inspector pulls 25 CPU's off the line to tes ...

An important part of the customer service responsibilities

An important part of the customer service responsibilities of a cable company relates to the speed with which trouble in service can be repaired. Historically, the data show that the likelihood is 0.75 that troubles in a ...

A if n7 days campus is open and p022 the probability that

A. If n=7 (days campus is open) and p=0.22 (the probability that a student is on campus on any given day), determine the theoretical mean and standard deviation for the number of days on campus each week.

Deyoung entertainment enterprises is considering replacing

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining u ...

4m industries has 30 million shares outstanding trading at

4M Industries has 30 million shares outstanding trading at $20 per share. 4M also has $150 million in outstanding debt. Suppose firm's equity cost of capital is 12%, its debt cost of capital is 5%, and the corporate tax ...

An all-equiry business has 175m shares outstanding selling

An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...

  • 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