**Text Description:**Southeastern Oklahoma State University's business program has the facilities and faculty to handle an enrollment of 2,100 new students per semester. However, in an effort to limit class sizes to a "reasonable" level (under 200, generally), Southeastern's dean, Holly Lutze, placed a ceiling on enrollment of 1,600 new students. Although there was ample demand for business courses last semester, conflicting schedules allowed only 1,420 new students to take business courses.The utilization rate for Southeastern = **67.6%** (enter your response as a percentage rounded to one decimal place).The efficiency rate for Southeastern = **[blank]**% (enter your response as a percentage rounded to one decimal place).**Explanation of Elements:**1. **Utilization Rate Calculation:** - The utilization rate is provided as 67.6%. This indicates that of the 2,100 students Southeastern could accommodate, 1,420 actually attended, reflecting the percentage of facilities and faculty being used.2. **Efficiency Rate Calculation:** - The blank for the efficiency rate invites users to compute an additional metric based on provided or derived data. This may require assessing the ratio between enrollment cap (1,600 students) and actual attendance (1,420 students).Users are prompted to engage with the content by filling in the efficiency rate percentage, aiding in understanding utilization and efficiency in educational settings.

Design capacity -The theoretical maximum capacity output of the system in a period, under ideal…

Answered: Southeastern Oklahoma State…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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