Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.4 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 10 minutes with eachcustomer.Agan's management would like to evaluate two alternatives:1. Use one consultant with an average service time of 7 minutes per customer.2. Expand to two consultants, each of whom has an average service time of 10 minutes per customer.If the consultants are paid $17 per hour and the customer waiting time is valued at $28 per hour, should Agan expand to the two-consultant system? Explain. (Express the total cost per hour in dollars. Round your answers to the nearest cent.)The total service cost per hour, i.e. the time value of consultant and customer together, is $[x for scenario 1, and $for scenario 2. The business should implement the lowertotal cost scenario, which is scenarioNeed Help? Read It

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Sarah studies Business and Management and she also has a part-time job as a waitress at a restaurant. The restaurant does not include service charges in their bills, and therefore Sarah often receives tips from the customers. Some customers give her very generous tips, while others leave hardly anything or nothing at all. Sarah began to wonder what the size of the tip may depend on. Just out of curiosity, she started to keep a record of the total prices on the bills and the tips she received. At first, she fit a simple linear regression model to the data and found that the size of the tip was significantly related to the total price. But at this point, she speculated that the tips may be affected by other factors as well, and an even better model could possibly be constructed by including further independent variables. For instance, the chef who prepares the dish(es) might affect the customers' satisfaction. The restaurant employs three chefs: Richard, Thomas, and Linda. Sarah decides…
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