Please use the attached to answer the following questions. 1. What is the average number of phones the company has in store? 2. How long does a customer on average have to wait for the phone? 3. What are the total daily expenses for telephone cards? Problem 2:RentAPhone is a new service company that provides European mobile phones to Americanvisitors to Europe. The company currently has 80 phones available at Charles de Gaulle Airportin Paris. There are, on average, 25 customers per day requesting a phone. These requests arriveuniformly throughout the 24 hours the store is open. The corresponding coefficient of variationis 1. Customers keep their phone on average 72 hours. The standard deviation of this time is100 hours. Given that RentAPhone currently does not have a competitor in France providingequally good service, customers are willing to wait for the phones. Yet, during the waitingperiod, customers are provided a free calling card. Based on prior experience, RentAphonefound that the company incurred a cost of $1 per hour per waiting customer, independent ofday or night.

given, company currently =80phones on average 25 customers requesting a phone

Answered: What is the average number of phones…

What is the average number of phones the company has in store? 2. How long does a customer on average have to wait for the phone? 3. What are the total daily expenses for telephone cards?

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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Question

Please use the attached to answer the following questions.

1. What is the average number of phones the company has in store?

2. How long does a customer on average have to wait for the phone?

3. What are the total daily expenses for telephone cards?

Problem 2:
RentAPhone is a new service company that provides European mobile phones to American
visitors to Europe. The company currently has 80 phones available at Charles de Gaulle Airport
in Paris. There are, on average, 25 customers per day requesting a phone. These requests arrive
uniformly throughout the 24 hours the store is open. The corresponding coefficient of variation
is 1. Customers keep their phone on average 72 hours. The standard deviation of this time is
100 hours. Given that RentAPhone currently does not have a competitor in France providing
equally good service, customers are willing to wait for the phones. Yet, during the waiting
period, customers are provided a free calling card. Based on prior experience, RentAphone
found that the company incurred a cost of $1 per hour per waiting customer, independent of
day or night.

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