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notka56 [123]
2 years ago
11

Consider a two-server parallel queuing system where customers arrive according to a poisson process with rate λ, and where the s

ervice times are exponential with rate μ. moreover, suppose that arrivals finding both servers busy immediately depart without receiving any service (such a customer is said to be lost), whereas those finding at least one free server immediately enter service and then depart when their service is completed. (a) if both servers are presently busy, find the expected time until the next customer enters the system. (b) starting empty, find the expected time until both servers are busy. (c) find the expected time between two successive lost customers.
Business
1 answer:
lara31 [8.8K]2 years ago
7 0
<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>
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Explanation:

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Explain whether each of the following government activities is motivated by a concern about equality or a concern about efficien
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b) <em>Providing some poor with vouchers that can be used to buy food. </em>- Being a concern for equality, this regulation aims to improve fairness and equality among society levels by giving vouchers to poor people. Equality measures are usually non-efficient by the means of concern, and are a common practice in all governments.

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2 years ago
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Answer:

Interest expense to be recorded on Dec 31 2018= $8425

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Lets first understand what adjusting entry is? Adjusting entries are entries passed at the reporting date in order to comply to the accruals concept of accounting. Accruals concept requires entities to record revenue and expenses in the period that they occur and should not wait until they are received or paid respectively. Revenues and expenses should be matched for the period and recorded.

Now that we have understood adjusting entry, lets calculate interest expense that should be recorded on December 31 2018. So Arch Services records interest payment on a semi-annul basis (i.e every 6 months). Now the bonds are issued on November (i.e two months to the reporting date), considering the accruals concept Arch Services will have to record interest for two months.

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Interest for two months would be = $4212.5×2

Interest expense to be recorded on Dec 31 2018= $8425

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2 years ago
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