<span>I would assume that customers arrive at the queue according to the poisson process, and then decide whether to enter the queue or leave as per the rules in the question.
for (a)
I interpret "enter the system" as "join the queue".
The expected time for this will be
E(time until there is a free slot) + E(time for someone to arrive once a slot is free).
Noting that the additional time taken for someone to arrive once a spot is free is independant of the time that the slot became free (memorylessness property of poisson process)
The waiting time of a Poisson(\lambda) is exp(\lambda) with mean \frac{1}{\lambda}
E(\text{Time someone enters the system})=\frac{1}{2\mu} + \frac{1}{\lambda}
Your post suggests you already understand where \frac{1}{2\mu} comes from.</span>
The task of a crisis management team is to mitigate conflict. A crisis management team is effective when crisis is preemptively identified and scenarios for resolution are in place. A crisis management team should promptly acknowledge crisis to employees and shareholders.
Answer: (A) inelastic
Explanation: In inelastic demand it states that by increasing the cost price it will create a proportionality in the total revenue ,that is revenue will also increase.In this case the demand of the buyer does not change, only the cost changes and the consumer will keep on buying the goods even after change in price.
Opera Estate Girls' School is also using this technique to increase the revenue,by increasing the tuition.Thus the correct option is option (A).
Answer:
29
Explanation:
Central limit theorem states that as a sample being studied grows larger the sampling distribution of samplings means tends to a more normal distribution. This is regardless of the shape of the population.
This holds true usually if the population size is n is equal or greater than 30 (that is greater than 29). It does not matter if the population is skewed or normal.
So with a sufficiently large population the means of each item will be the same as the population mean.
Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment. This is an example of diversification. Diversification describes the processes of having diverse product offerings. When you diversify, you are differentiating your products to meet more needs for consumers. Since the brand of clothing recently introducted a line of fitness equipment, they are diverisfying themselves by branching out into other markets.
