Exhibit 13.2 The Following Questions Refer to the Information and Output Below

question 63

Short Answer

Exhibit 13.2
The following questions refer to the information and output below.
A barber shop has one barber who can give 12 haircuts per hour. Customers arrive at a rate of 8 customers per hour. Customer inter-arrival times and service times are exponentially distributed. The following queuing analysis spreadsheet was developed from this information.
-Customers arrive at a store randomly, following a Poisson distribution at an average rate of 90 per hour. How many customers arrive per minute, on average?

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Definitions:

Interest in the Partnership

Refers to a partner’s share or stake in both the assets and profits (or losses) of a partnership, often governed by a partnership agreement.

Share of Profits

A proportion of the profits earned by a business that is allocated to an individual or entity, often based on ownership interest.

Partnership by Estoppel

A legal partnership that exists when a person has been represented as a partner in a firm and has acted upon that basis, despite not officially being a partner.

Partnership Agreement

A legal document outlining the terms of a business partnership, including the responsibilities, profit distribution, and rules for dissolution.