You are a business analyst at a restaurant management company. The company is exploring whether it...
You are a business analyst at a restaurant management company. The company is exploring whether it makes sense to open a new lokma shop. There are already many such stores in Istanbul (Lokmata, Lokmacho, The LoQma, etc.) and you need to visit 35 of them for the purpose of market research. From previous studies, you know that waiting times at different stores vary, with an average of 15 minutes and a standard deviation of 4 minutes
a. Consider the average waiting time for the 35 restaurants you visit. Without computing probabilities, determine which of the events below is most likely:
A.
average waiting time is between 10 mins and 12 mins.
B.
average waiting time is between 13 mins and 15 mins.
C.
average waiting time is between 15 mins and 17 mins.
D.
average waiting time is between 14 mins and 16 mins.
E.
average waiting time is not important, getting your lokma is.
b. There is 75% chance that your average waiting time is longer than:
A.
14.35
B.
8.35
C.
14.55
D.
15.74
E.
23.55
Homework Answers
Add Answer to:
You are a business analyst at a restaurant management company.
The company is exploring whether it...
Do you dislike waiting in line? A supermarket chain used computer simulation and information tech...
Do you dislike waiting in line? A supermarket chain used computer simulation and information technology to reduce the average waiting time for customers at 2,300 stores. Using a new system, which allows the supermarket to better predict when shoppers wil be checking out, the company was able to decrease average customer waiting time to just 19 seconds. (a) Assume that supermarket waiting times are exponentially distributed. Show the probability density function of waiting time at the supermarket. -(히X. elsewhere 19...
Do you dislike waiting in line? A supermarket chain has used computer simulation and information technology...
Do you dislike waiting in line? A supermarket chain has used computer simulation and information technology to reduce the average waiting time for customers at 2,300 stores. Using a new system, which allows the supermarket to better predict when shoppers will be checking out, the company was able to decrease average customer waiting time to just 19 seconds. (a) Assume that supermarket waiting times are exponentially distributed. Show the probability density function of waiting time at the supermarket. • X20...
As a financial analyst at Glencolin International (GI) you have been asked to evaluate two capital...
As a financial analyst at Glencolin International (GI) you have been asked to evaluate two capital investment alternatives submitted by the production department of the firm. Before beginning your analysis, you note that company policy has set the cost of capital at 15 percent for all proposed projects. As a small business, GI pays corporate taxes at the rate of 35 percent. The proposed capital project calls for developing new computer software to facilitate partial automation of production in GI's...
As a financial analyst at Glencolin International (GI) you have been asked to evaluate two capital...
As a financial analyst at Glencolin International (GI) you have been asked to evaluate two capital investment alternatives submitted by the production department of the firm. Before beginning your analysis, you note that company policy has set the cost of capital at 15 percent for all proposed projects. As a small business, GI pays corporate taxes at the rate of 35 percent. The proposed capital project calls for developing new computer software to facilitate partial automation of production in GI's...
Art 250 Choose the best answer of both hands at the same time is A. flow process chart simultaneo...
art 250 Choose the best answer of both hands at the same time is A. flow process chart simultaneous-motion (SIMO) chart 2 The best chart used to analyze the Body is called B. Operations charts D. None of the above 3. In a stopwatch time study, the average time it takes a given worker to perform a task a certain number of times is the: A. Observed time B. Normal time C. Standard time D. Performance rating time Labor Standards...
As a financial analyst at Macleod International (MI) you have been asked to evaluate two capital...
As a financial analyst at Macleod International (MI) you have been asked to evaluate two capital investment alternatives submitted by the production department of the firm. Before beginning your analysis, you note that company policy has set the cost of capital at 15 percent for all proposed projects. As a small business, MI pays corporate taxes at the rate of 35 percent. The proposed capital project calls for developing new computer software to facilitate partial automation of production in Mi's...
can you show how to do this work Question 13 Using a computerized Inventory Management System,...
can you show how to do this work
Question 13 Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores X and their distribution warehouse. The Paint Supply Store franchise sells an average of 74 gallons of Purple Paint every week (for 52 weeks per year, Standard Deviation of the Demand - 8 gallons). They purchase Purple Paint from their supplier at a price...
Assignment Brief You have been appointed as a business analyst at Carlson Department Store. Your first project is to provide an analysis for an insurance claim for the company’s loss of sales for quar...
Assignment Brief
You have been appointed as a business analyst at Carlson Department
Store. Your first project is to provide an analysis for an
insurance claim for the company’s loss of sales for quarter 4 of
last year due to a hurricane last summer. In your analysis, you are
to make appropriate recommendations in relation to sales the
company would have had.
A. Background
The Carlson Department Store suffered heavy damage after a
hurricane struck late last summer. The store...
Question 12 pts The length of time a person takes to decide which shoes to purchase...
Question 12 pts The length of time a person takes to decide which shoes to purchase is normally distributed with a mean of 8.21 minutes and a standard deviation of 1.90. Find the probability that a randomly selected individual will take less than 6 minutes to select a shoe purchase. Is this outcome unusual? Group of answer choices Probability is 0.88, which is usual as it is greater than 5% Probability is 0.12, which is usual as it is not...
Company Case In-N-Out Burger: Customer Value the Old-Fashioned Way In 1948, Harry and Esther Snyder opened...
Company Case In-N-Out Burger: Customer Value the Old-Fashioned Way In 1948, Harry and Esther Snyder opened the first In-N-Out Burger in Baldwin Park, California. It was a simple double drive-thru setup with the kitchen between two service lanes, a walk-up window, and outdoor seating. The menu consisted of burgers, shakes, soft drinks, and fries. This format was common for the time period. In fact, another burger joint that fit this same description opened up the very same year just 45...
Do you dislike waiting in line? A supermarket chain used computer simulation and information technology to reduce the average waiting time for customers at 2,300 stores. Using a new system, which allows the supermarket to better predict when shoppers wil be checking out, the company was able to decrease average customer waiting time to just 19 seconds. (a) Assume that supermarket waiting times are exponentially distributed. Show the probability density function of waiting time at the supermarket. -(히X. elsewhere 19...
Do you dislike waiting in line? A supermarket chain has used computer simulation and information technology to reduce the average waiting time for customers at 2,300 stores. Using a new system, which allows the supermarket to better predict when shoppers will be checking out, the company was able to decrease average customer waiting time to just 19 seconds. (a) Assume that supermarket waiting times are exponentially distributed. Show the probability density function of waiting time at the supermarket. • X20...
art 250 Choose the best answer of both hands at the same time is A. flow process chart simultaneous-motion (SIMO) chart 2 The best chart used to analyze the Body is called B. Operations charts D. None of the above 3. In a stopwatch time study, the average time it takes a given worker to perform a task a certain number of times is the: A. Observed time B. Normal time C. Standard time D. Performance rating time Labor Standards...
As a financial analyst at Macleod International (MI) you have been asked to evaluate two capital investment alternatives submitted by the production department of the firm. Before beginning your analysis, you note that company policy has set the cost of capital at 15 percent for all proposed projects. As a small business, MI pays corporate taxes at the rate of 35 percent. The proposed capital project calls for developing new computer software to facilitate partial automation of production in Mi's...
can you show how to do this work
Question 13 Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores X and their distribution warehouse. The Paint Supply Store franchise sells an average of 74 gallons of Purple Paint every week (for 52 weeks per year, Standard Deviation of the Demand - 8 gallons). They purchase Purple Paint from their supplier at a price...
Assignment Brief
You have been appointed as a business analyst at Carlson Department
Store. Your first project is to provide an analysis for an
insurance claim for the company’s loss of sales for quarter 4 of
last year due to a hurricane last summer. In your analysis, you are
to make appropriate recommendations in relation to sales the
company would have had.
A. Background
The Carlson Department Store suffered heavy damage after a
hurricane struck late last summer. The store...
Most questions answered within 3 hours.
-
Identification of unknown Bacteria by sequencing
rDNA
Having a little trouble understanding the PCR process. This...
asked 39 minutes ago -
please answer the four of the questions
4. how are warehouse distribution centers, and cross-
docking...
asked 1 hour ago -
X Company currently makes a part and is considering buying it
from a company that has...
asked 2 hours ago -
The height of a helicopter above the ground is given by h =
2.90t3, where h...
asked 2 hours ago -
Consider the natural join of the relation R(A,B) and S(A,C) on
attribute A. Neither relations have...
asked 2 hours ago -
You are a network planner tasked with developing an IP structure
for the following networks. The...
asked 3 hours ago -
Christmas Express makes wreaths in batch sizes of 30. The
cutting & assembly process takes 4...
asked 3 hours ago -
Suppose a brewery has a filling machine that fills 12-ounce
bottles of beer. It is known...
asked 5 hours ago -
For this problem, carry at least four digits after the decimal
in your calculations. Answers may...
asked 8 hours ago -
Ask a user for three positive integer numbers. Use an input
validation loop to make sure...
asked 8 hours ago -
The most primitive form of data from data analysis perspective
is a. nominal scale b. ordinal...
asked 8 hours ago -
The number of vacancies in some hypothetical metal increases by
a factor of 5 when the...
asked 8 hours ago