This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A queuing theory analysis for bank teller windows comes up with a value of 0.10 for P, indicating ... (Read 53 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jul 6, 2018
A queuing theory analysis for bank teller windows comes up with a value of 0.10 for P, indicating that customers are likely to wait about 10 minutes for each transaction.
 
  Indicate whether the statement is true or false.

Question 2

Using a fixed-point reordering system, a business might order new inventory when it is down to about one-third of its maximum stock.
 
  Indicate whether the statement is true or false.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pami445

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: FALSE
Explanation: A value of 0.10 for P indicates that the limit that has been set will be exceeded 10 percent of the time.

Answer to Question 2

Answer: TRUE
Explanation: Fixed-point reordering typically identifies the reordering point at some fixed time along the way, such as when inventory is reduced to one-third of its maximum.


Capo

  • Member
  • Posts: 545
Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Gender Schema Theory Gender Schema Theory
A typical bank statement. A typical bank statement.
Function Analysis Function Analysis
molecular orbital theory molecular orbital theory
Morgan’s test-cross analysis of genetic linkage between autosomal genes Morgan’s test-cross analysis of genetic linkage between autosomal genes
Morgan’s test-cross analysis of genetic linkage between autosomal genes Morgan’s test-cross analysis of genetic linkage between autosomal genes
Video: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library