Problem 1 A gas station with only one gas pump employs the following policy: if a customer has to wait‚ the price is $3.50 per gallon; if they don’t have to wait‚ the price is $4.00 per gallon. Customers arrive according to a Poisson process with a mean rate of 20 per hour. Service times at the pump have an exponential distribution with a mean of 2 minutes. Arriving customers always wait until they can by gasoline. Determine the expected price of gasoline per gallon. Problem 3 The Old Colony theme
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WEEK 3 – Summary of research problem and research objective 1. RESEARCH PROBLEM In this study researcher seek to determine a match between the duration of unemployment and the duration of education among youth in Malaysia. Unemployment among the youth is on the rise in many countries over the last decades. Up to this point‚ there is no research being conducted to scrutinize the employment process from school to work. Therefore‚ this research is carried out to analyze the labor market
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bie Posted November 2‚ 2009 at 8:53 PM via web dislike2like What are the disadvantages of industrialization? 7 Answers | Add Yours pohnpei397 | College Teacher | (Level 3) Distinguished Educator Posted November 2‚ 2009 at 10:14 PM (Answer #1) dislike4like The major disadvantages of industrialization fall into two categories: social and environmental. Environmentally‚ industrialization both pollutes the environment and depletes its resources. Industry requires huge amounts of inputs such
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Question 1 asked to complete a five forces analysis of the US Express Mail Industry. A five forces analysis is done to rate the attractiveness of an industry. Threat of new entry is low because the barriers to entry are high. Newcomers to the industry would require an enormous amount of up front capital to set up the distribution networks and infrastructure‚ such as establishing hubs‚ and acquiring aircraft and a large amount of ground transportation vehicles (vans‚ trucks‚ ect). Economies of scale
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ADVANCED MATH QUARTER PROJECT BIRTHDAY PROBLEM The birthday problem can be formulated as follows: In a class there are n students. What is the probability that at least two students were born on the same day of the year? For simplify the math‚ without changing the result significantly‚ let’s assume that year is always 365 days long (no February 29 birthdays) and let’s assume that a person has an equal chance of being born on any day of the year‚ although some birthday may be slightly
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arlene Austin Management 6681 13 November 2011 Case Study- Problems at Perrier (Chapter 6‚ pg 183) 1. Identify the key elements of the resistance to change described in this situation. The key elements of the resistance to change described in the Perrier case are: Lack of communication and the companies inability to inform the employees of what changes affected production at Perrier‚ the company made excessive changes‚ the company introduces a series of changes and the people felt the changes
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Finance 3303 Business Finance Chapter 11 Practice Problems 1. Two investment opportunities have the following expected cash flows. If your minimum required return is 27%‚ which proposal would be the best based on the Net Present Value evaluation method? Investment A Investment B Year 0 $( 567‚000) $( 577‚000) Year 1 $ 254‚000 $ 256‚000 Year 2 $ 287‚000 $ 281‚000 Year 3 $ 260‚000 $ 290‚000 Year 4 $ 155‚000 $ 145‚000 A) Neither proposal
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19 Social Problems 19.1 Introduction India is one of the developing nations of the modern world. It has become an independent country‚ a republic‚ more than a half century ago. During this period the country has been engaged in efforts to attain development and growth in various areas such as building infrastructure‚ production of food grains‚ science and technology and spread of education. The life expectancy has increased and many diseases have been controlled. However‚ there are many areas
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1 WHAT IS A RESEARCH PROBLEM? A research problem is the situation that causes the researcher to feel apprehensive‚ confused and ill at ease. It is the demarcation of a problem area within a certain context involving the WHO or WHAT‚ the WHERE‚ the WHEN and the WHY of the problem situation. There are many problem situations that may give rise to research. Three sources usually contribute to problem identification. Own experience or the experience of others may be a source of problem supply
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judgements Opinions or statements which depend on the views of the individual Normative statements Opinions that cannot be proven or tested. Positive statements Statements that can be tested against real world data. Factors of Production: 1. Land [Resources] 2. Labour [Workers ] 3. Capital [Money or Machinery] 4. Enterprise [Entrepreneurs] Economic Objectives: Government/ State [Want to give out grants to new businesses as they will create more jobs and pay a substainal amount of tax
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