Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
The lengths of a professor's classes has a continuous uniform distribution between 50.0 min and 52.0 min. If one such class is randomly selected, find the probability that the class length is less than 50.8 min.
P(X < 50.8) =
(Report answer accurate to 2 decimal places.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 2 steps
Knowledge Booster
Similar questions
- If a convex function is multiplied by a negative constant, the result: A. is concave B. could be either convex or concave, depending on the value of the constant C. is convex D. is lineararrow_forwardConsider the case of Conrad's Cookie Company, where he and two of his friends (Jared and Jack) are working to make and sell cookies. They have just one oven and can bake up to two dozen cookies at a time. The oven can bake two dozen cookies simultaneously (of similar or different ingredients) or one dozen only. If one dozen is baking in the oven, baking time will not be any different from baking two dozen simultaneously. The sequence of baking steps and respective durations are below. Mixing and Spooning (together) 3 mins/dozen Loading 1 minutte/dozen. Baking 8 mins. baking time for one or two dozens. Cooling 6 minutes Packing 5 mins/dozen cookies Payment (to be done after packing only) 1 minute per order If all orders are 4 dozen cookies, a) What is the best way to assign Conrad and his friends to jobs in order to maximize capacity? Find highest theoretical capacity and bottleneck of the process. b) Once system warms up, is the capacity the same…arrow_forwardA single repairperson looks after both machines 1 and 2. Each time it is repaired, machine i stays up for an exponential time with rate λi, i = 1,2. When machine i fails, it requires an exponentially distributed amount of work with rate i to complete its repair. The repairperson will always service machine 1 when it is down. For instance, if machine 1 fails while 2 is being repaired, then the repairperson will immediately stop work on machine 2 and start on 1. What proportion of time is machine 2 down? Then compute the probability that machine 2 is down.) There are four possible states in total: no machine is down, only machine 1 is down, only machine 2 is down, and both machines are down. Formulate and solve the balance equations based these four states. Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool tablearrow_forward
- Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins working on a bag when a customer order has been received and then she makes the bag from beginning to end. The average production time of a bag is 1.7 days, with a standard deviation of 3 days. Larry expects to receive one customer order per day on average. The interarrival times of orders have a coefficient of variation of one. X Answer Is complete but not entirely correct. (Carry at least 4 decimal places in all intermediate calculations. Round your final answer to 2 decimal places.) What is the expected duration, in days, between when an order is received and when production begins on the bag? 30.39 8 daysarrow_forwardIdeally, which should come first, the model or the simulation? The model is created first because a simulation needs models to run. They are created at the same time because they are pretty much the same thing. The two are unrelated and can be created in any order. Simulation should come first because the model can only be developed using simulation.arrow_forwardestablish the significance of random numbers in Monte Carlo simulations.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON