Below are the data of the gasoline station. Number of gas pumps = 1 Policy of the gasoline station is "If you want to wait, pay PhP45 per liter; if you do't want to wait, pay PhP55/liter." Service mean time (exponential distribution) = 5 minutes Arrival rate (Poisson distribution) = 10 per hour. Customers usually wait to buy gasoline. a) What is the probability (in decimal) that customer will wait? Answer in 4 decimal places. b) Determine the probability that the customer will not wait. Answer in 4 decimal places. c) How many customers are falling in line? Answer in integer value. d) Determine the expected price of gasoline per liter.
Below are the data of the gasoline station. Number of gas pumps = 1 Policy of the gasoline station is "If you want to wait, pay PhP45 per liter; if you do't want to wait, pay PhP55/liter." Service mean time (exponential distribution) = 5 minutes Arrival rate (Poisson distribution) = 10 per hour. Customers usually wait to buy gasoline. a) What is the probability (in decimal) that customer will wait? Answer in 4 decimal places. b) Determine the probability that the customer will not wait. Answer in 4 decimal places. c) How many customers are falling in line? Answer in integer value. d) Determine the expected price of gasoline per liter.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Below are the data of the gasoline station. Number of gas pumps = 1 Policy of the gasoline station is "If you want to wait, pay PhP45 per liter; if you do't want to wait, pay PhP55/liter." Service mean time (exponential distribution) = 5 minutes Arrival rate (Poisson distribution) = 10 per hour. Customers usually wait to buy gasoline.
a) What is the probability (in decimal) that customer will wait? Answer in 4 decimal places.
b) Determine the probability that the customer will not wait. Answer in 4 decimal places.
c) How many customers are falling in line? Answer in integer value.
d) Determine the expected price of gasoline per liter.
a) What is the probability (in decimal) that customer will wait? Answer in 4 decimal places.
b) Determine the probability that the customer will not wait. Answer in 4 decimal places.
c) How many customers are falling in line? Answer in integer value.
d) Determine the expected price of gasoline per liter.
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