Altug's Coffee Shop decides to install an automatic coffee vending machine outside one of its stores to reduce the number of people standing in line inside. Mehmet Altug charges $3.50 per cup. However, it takes too long for people to make change. The service time is a constant 1.50 minutes, and the amival rate is 30 per hour (Poisson distributed). a) The average walt time in the line = minutos (round your response to two decimal places). b) The average number of customers waiting in the line =customers (round your respanse to three decima plucns). c) Mehmet raises the price to $5 per cup and takes 30 seconds off the service time. However, because the coffee is now so expensive, the arrival rate drops to 24 per hour. The average wait time in the line =minutes (round your response to two decimal places). The average number of customers waiting in the line customers (round your response to threa decinal places).

470 q 16 a speculative stock possessees a _________ probability of _________ return and is currently _______- a. high, negative, underpriced b. high, negative, overpriced c. high, positive, overpriced d. low, negative, overpriced e. low, positive, underpriced

Ex 4.12 Formulate the linear programming model of the following problems. Titan Credit Card Marketing works for HSBC to verify and approve credit card application. TCCM receives P380 for every completed customer application. The company maintained three call agents targeting at P20,000 worth of approvals daily, altogether. In a regular working day, James can process as much as P3000 worth of applications. Mark can process twice as much as Tim. How many credit cards should each call agent process to achieve the target for the day. Formulate the LP model

A.3 Yellowburn University, a not-for-profit higher education organization, has the following mission statement: ‘We aim to deliver excellent tuition in state-of-the-art facilities to help develop socially responsible students and to contribute to global academic research.’ Which TWO of the following would be appropriate objectives to fit in with this mission? To deliver the best possible lessons. Each member of staff is to write two research papers for publication over the next two years. To increase car parking space at the university by 10% in the next 12 months to improve access. To get 15% of all students to receive first class honors degrees each year.  To ensure 100% attendance from all students for every lecture.