EBK BUSINESS MATH
EBK BUSINESS MATH
11th Edition
ISBN: 8220103632072
Author: NOBLE
Publisher: Pearson Education (US)
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Chapter 11.2, Problem 3-5SC
To determine

The relevance of taking loan to buy equipment, if actual price of equipment without any discount is $4,500, the principal amount of equipment with discount is $4,250, the interest rate is 7.2%, duration of loan is from April 12 to October 12, and there is a need to buy equipment in the current period.

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In a small office, there are m = 5 typists who need to use a single typewriter to complete their reports. Assume the time each typist takes to prepare a report follows an exponential distribution with an average of 20 minutes per preparation (A = 3 reports/hour), and the service time for the typewriter to type out a report also follows an exponential distribution, averaging 30 minutes to complete a report (μ 2 reports/hour). Given that the number of typists is finite and all typists = share one typewriter, they will form a waiting queue. (1). Describe this queuing system and explain how it fits the characteristics of the M/M/1/∞0/m model. (2). Calculate the probability that any typist is using the typewriter at steady-state. (3). Calculate the average number of typists waiting in the queue at steady-state. (4). Considering the need to reduce waiting time, if an additional typewriter is introduced (turning into a two-server system, or M/M/2/∞0/m model), analyze the expected impact,…
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Chapter 11 Solutions

EBK BUSINESS MATH

Ch. 11.1 - Prob. 3-3SCCh. 11.1 - Prob. 3-4SCCh. 11.1 - Prob. 4-1SCCh. 11.1 - Prob. 4-2SCCh. 11.1 - Prob. 4-3SCCh. 11.1 - Prob. 4-4SCCh. 11.1 - Prob. 1SECh. 11.1 - Prob. 2SECh. 11.1 - Prob. 3SECh. 11.1 - Prob. 4SECh. 11.1 - Prob. 5SECh. 11.1 - Prob. 6SECh. 11.1 - Prob. 7SECh. 11.1 - Prob. 8SECh. 11.1 - Prob. 9SECh. 11.1 - Prob. 10SECh. 11.1 - Prob. 11SECh. 11.1 - Prob. 12SECh. 11.1 - Prob. 13SECh. 11.1 - Prob. 14SECh. 11.1 - Prob. 15SECh. 11.1 - Prob. 16SECh. 11.2 - Prob. 1-1SCCh. 11.2 - Prob. 1-2SCCh. 11.2 - Prob. 1-3SCCh. 11.2 - Prob. 1-4SCCh. 11.2 - Prob. 2-1SCCh. 11.2 - Prob. 2-2SCCh. 11.2 - Prob. 2-3SCCh. 11.2 - Prob. 2-4SCCh. 11.2 - Prob. 3-1SCCh. 11.2 - Prob. 3-2SCCh. 11.2 - Prob. 3-3SCCh. 11.2 - Prob. 3-4SCCh. 11.2 - Prob. 3-5SCCh. 11.2 - Prob. 4-1SCCh. 11.2 - Prob. 4-2SCCh. 11.2 - Prob. 4-3SCCh. 11.2 - Prob. 4-4SCCh. 11.2 - Prob. 1SECh. 11.2 - Prob. 2SECh. 11.2 - Prob. 3SECh. 11.2 - Prob. 4SECh. 11.2 - Prob. 5SECh. 11.2 - Prob. 6SECh. 11.2 - Prob. 7SECh. 11.2 - Prob. 8SECh. 11.2 - Prob. 9SECh. 11.2 - Prob. 10SECh. 11.2 - Prob. 11SECh. 11.2 - Prob. 12SECh. 11.2 - Prob. 13SECh. 11.2 - Prob. 14SECh. 11.2 - Prob. 15SECh. 11.3 - Prob. 1-1SCCh. 11.3 - Prob. 1-2SCCh. 11.3 - Prob. 1-3SCCh. 11.3 - Prob. 1-4SCCh. 11.3 - Prob. 2-1SCCh. 11.3 - Prob. 2-2SCCh. 11.3 - Prob. 2-3SCCh. 11.3 - Prob. 2-4SCCh. 11.3 - Prob. 3-1SCCh. 11.3 - Prob. 3-2SCCh. 11.3 - Prob. 3-3SCCh. 11.3 - Prob. 3-4SCCh. 11.3 - Prob. 1SECh. 11.3 - Prob. 2SECh. 11.3 - Prob. 3SECh. 11.3 - Prob. 4SECh. 11.3 - Prob. 5SECh. 11.3 - Prob. 6SECh. 11.3 - Prob. 7SECh. 11.3 - Prob. 8SECh. 11.3 - Prob. 9SECh. 11.3 - Prob. 10SECh. 11.3 - Prob. 11SECh. 11 - Prob. 1ESCh. 11 - Prob. 2ESCh. 11 - Prob. 3ESCh. 11 - Prob. 4ESCh. 11 - Prob. 5ESCh. 11 - Prob. 6ESCh. 11 - Prob. 7ESCh. 11 - Prob. 8ESCh. 11 - Prob. 9ESCh. 11 - Prob. 10ESCh. 11 - Prob. 11ESCh. 11 - Prob. 12ESCh. 11 - Prob. 13ESCh. 11 - Prob. 14ESCh. 11 - Prob. 15ESCh. 11 - Prob. 16ESCh. 11 - Prob. 17ESCh. 11 - Prob. 18ESCh. 11 - Prob. 19ESCh. 11 - Prob. 20ESCh. 11 - Prob. 21ESCh. 11 - Prob. 22ESCh. 11 - Prob. 23ESCh. 11 - Prob. 24ESCh. 11 - Prob. 25ESCh. 11 - Prob. 26ESCh. 11 - Prob. 27ESCh. 11 - Prob. 28ESCh. 11 - Prob. 29ESCh. 11 - Prob. 30ESCh. 11 - Prob. 31ESCh. 11 - Prob. 32ESCh. 11 - Prob. 33ESCh. 11 - Prob. 34ESCh. 11 - Prob. 35ESCh. 11 - Prob. 36ESCh. 11 - Prob. 37ESCh. 11 - Prob. 38ESCh. 11 - Prob. 39ESCh. 11 - Prob. 40ESCh. 11 - Prob. 41ESCh. 11 - Prob. 42ESCh. 11 - Prob. 43ESCh. 11 - Prob. 44ESCh. 11 - Prob. 45ESCh. 11 - Prob. 46ESCh. 11 - Prob. 47ESCh. 11 - Prob. 48ESCh. 11 - Prob. 49ESCh. 11 - Prob. 50ESCh. 11 - Prob. 51ESCh. 11 - Prob. 52ESCh. 11 - Prob. 53ESCh. 11 - Prob. 54ESCh. 11 - Prob. 1PTCh. 11 - Prob. 2PTCh. 11 - Prob. 3PTCh. 11 - Prob. 4PTCh. 11 - Prob. 5PTCh. 11 - Prob. 6PTCh. 11 - Prob. 7PTCh. 11 - Prob. 8PTCh. 11 - Prob. 9PTCh. 11 - Prob. 10PTCh. 11 - Prob. 11PTCh. 11 - Prob. 12PTCh. 11 - Prob. 13PTCh. 11 - Prob. 14PTCh. 11 - Prob. 15PTCh. 11 - Prob. 16PTCh. 11 - Prob. 17PTCh. 11 - Prob. 18PTCh. 11 - Prob. 19PTCh. 11 - Prob. 20PTCh. 11 - Prob. 21PTCh. 11 - Prob. 22PTCh. 11 - Prob. 1CTCh. 11 - Prob. 2CTCh. 11 - Prob. 3CTCh. 11 - Prob. 4CTCh. 11 - Prob. 5CTCh. 11 - Prob. 6CTCh. 11 - Prob. 7CTCh. 11 - Prob. 8CTCh. 11 - Prob. 1CPCh. 11 - Prob. 2CPCh. 11 - Prob. 3CPCh. 11 - Prob. 4CPCh. 11 - Prob. 1CS1Ch. 11 - Prob. 2CS1Ch. 11 - Prob. 3CS1Ch. 11 - Prob. 4CS1Ch. 11 - Prob. 1CS2Ch. 11 - Prob. 2CS2Ch. 11 - Prob. 3CS2Ch. 11 - Prob. 4CS2Ch. 11 - Prob. 1CS3Ch. 11 - Prob. 2CS3Ch. 11 - Prob. 3CS3Ch. 11 - Prob. 4CS3
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