Case Problem 2: Office Equipment‚ Inc. 1. l = 1 llamada/50 hours = 0.02 calls per hour 2. Mean service time = travel time + repair time = 1 + 1.5 = 2.5 hours m = 1 / 2.5 hours = 0.4 customers per hour 3. The travel time is 1 hour. While this is considered part of the service time it actually means that the customer will be waiting during the first hour of the service time. Thus‚ travel time must be added to the time spent in line as predicted model in order to determine
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Chapter 2 Exercises Solutions Answer to end of chapter questions: 2. The labour force is calculated as the sum of the employed and the unemployed‚ which in this case is 22‚000‚000 + 1‚000‚000 = 23‚000‚000. The labour force participation rate is calculated as the ratio of the labour force to the working age population: 23‚000‚000 / 30‚000‚000 = 77 %. The unemployment rate is calculated as the ratio of the number of unemployed workers to the size of the labour force: 1‚000‚000 / 23‚000‚000 = 4
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Some major economic problems currently facing the United States are poverty‚ welfare‚ and equal pay. The word poverty is defined by the Office of Management and Budget‚ the definition is a person with an income less than suitable to buy the basic necessities to live like food and a place to sleep. Poverty is not the same in every state and there is not just one meaning or one type of poverty‚ there are actually 6 types of poverty: rural‚ general‚ urban‚ relative‚ situational‚ and absolute. The
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Super Supermarket would like to be able to compute the unit price for products sold there. To do this‚ the program should input the name and price of an item and its weight in pounds and ounces. Analysis Process: 1. Display program title. 2. Prompt for item name. 3. Prompt for price of item. 4. Prompt for weight of item in pounds. 5. Prompt for weight of item in ounces. 6. Convert pounds to ounces then add it to input ounces. 7. Dived price total by ounces. 8. Display price per ounce
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ENGLISH 1010- B. Stephenson ENGLISH 1010- B. Stephenson 08 Fall 08 Fall The Modern Drum Set: Driving the Rhythm of Change in America Jeffrey Ringle A synthesis and comparison of the socioeconomic‚ cultural‚ religious‚ and musical effects the invention of the drum kit has had on America since its invention circa 1900. The Modern Drum Set: Driving the Rhythm of Change in America Jeffrey Ringle A synthesis and comparison of the socioeconomic‚ cultural‚ religious‚ and musical effects the
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FIELD EXPERIMENTS IN ECONOMICS By: Ravisha Sodha INTRODUCTION: Field experiments occupy an important middle ground between laboratory experiments and naturally occurring field data. The underlying idea behind most field experiments is to make use of randomization in an environment that captures important characteristics of the real world. Distinct from traditional empirical economics‚ field experiments provide an advantage by permitting the researcher to create exogenous variation in the variables
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It’s is important to others because one day most of the technology might be designed or constructed by apple. Nowadays everyone wants to be part of the Apple community because of their successful production of technology‚ so this information Brown 2 can be of importance to those that considering becoming a part of the Apple Inc. community. The paper I plan to write will not be based solely on my opinion‚ but hardcore facts about Apple and the technology they created. I plan to use information about
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PROBLEM STATEMENT AND JUSTIFICATION Ethiopia is one of the countries with the highest rate of population growth in Africa. For long‚ there has not been corresponding economic growth to meet the needs of the ever growing population in the country. Consequently‚ the people have been subjected to poor living condition both in urban and rural area. In urban areas; there have been multiple factors those have contributed to different problems on the top of the general poverty and fall in the living
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FIN370 Week 2 Individual Assignment Chapter Study Questions 14.1 What are financial markets? What function do they perform? How would an economy be worse off without them? Financial markets are institutions and procedures that facilitate transactions in all types of financial claims. Financial markets perform the function of allocating savings in the economy to the ultimate demander(s) of the savings. Without these financial markets‚ the total wealth of the economy would be lessened. Financial
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years)=Inventory/Flow rate 0.666667 Inventory Turns 1.5 Part B Per-Unit Inventory Cost Percentage 16.66667 Per-Unit Inventory Cost (in $) 166.6667 Applying Little’s Law to Financials allows us to see how efficient organization is. In this particular problem we’re concerned with the process so that the average inflow ( going into the process ) and the average outflow (coming out of the process). How long does it take for a dollar to get through the entire process how many dollars are sitting in inventory
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