Rowan Co. purchases 900 common shares (40%) of JBI Corp. as a long-term investment for $580,000 cash on July 1. JBI Corp. paid $
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Answer:
1. The rate, at which the students are entering the process is 4.5 students per minute.
2. On average a student spends 4 minutes on the cafeteria line.
Explanation:
- 5 students enters the cafeteria per minutes.
10% of students does not enter the line.
therefore, percentage of students entering the line will be 100-10 = 90%.
The rate at which students enters the line will be 90% of overall students entering the cafeteria per minute:
× 5 (
= 4.5
2. The average time spend by a student on the line will be:
the time rate of a student entering the line, which is the inverse of the rate of students entering the line : × the number of students waiting on the line, which is 18.
⇒ × 18 = 4 minutes.