The Corner Cleaners 24-hour laundromat has 16 washing machines., A machine breaks down every 20 days (exponentiallydistributed). The repair service the laundromat contracts takes anaverage of one day to repair a machine (exponentiallydistributed). A washing machine averages $5 per hour in revenue. The laundromat is considering a new repair service thatguarantees repairs in 0.50 day, but they charge $10 more per hour than the current repair service.Currently, how long does the laundromat have to wait for its equipment to be repaired?days, (Round your answer to 2 decimal places, the tolerance is +/- 0.05.)What is the cost of equipment downtime?| (Round your answer to 2 decimal places, the tolerance is +2.5)%24

SOLUTION: GIVEN, It takes 1 day to repair 1 machine, 16 days overall to repair all machines.

Answered: The Corner Cleaners 24-hour laundromat…

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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