Sam the Vet Is Running a Rabies Vaccination Clinic for Dogs

question 38

Essay

Sam the Vet is running a rabies vaccination clinic for dogs at the local grade school.Sam can vaccinate a dog every 3 minutes.It is estimated that the dogs will arrive independently and randomly throughout the day at a rate of 1 dog every 6 minutes, according to a Poisson distribution.Also assume that Sam's vaccinating times are exponentially distributed.Sam would like to have each waiting dog placed in a holding pen.If Sam wants to be certain he has enough cages to accommodate all dogs at least 90 percent of the time, how many cages should he prepare?

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Definitions:

Productivity

The measure of the efficiency of production, often quantified as the ratio of outputs produced to inputs used in the production process.

Output Effect

The output effect is the impact on total revenue generated by selling an additional unit of a product or service, assuming the price remains constant.

Production Costs

The total expenses incurred in the process of creating and manufacturing a product.

Substitution Effect

The economic principle that as the price of a good increases, consumers will replace it with cheaper alternatives, whereas if the price decreases, the good will become more preferable.