SimQuick Is to Be Used to Simulate the Following Bank

question 51

Essay

SimQuick is to be used to simulate the following bank process: Customers arrive at the Entrance Door of the bank with an average time between arrivals of 2.5 minutes The Line Buffer holds 6 customers.If a customer arrives and the buffer line is filled,the customer leaves.The Work Station Teller's processing time per customer is normally distributed,with a mean of 3.0 minutes and a standard deviation of 0.5 minutes.The Served Customer Buffer in the flowchart is used to count the number of customers processed during the simulation period.A 2-hour period is to be simulated and the simulation should be repeated 30 times.Determine:
a)The number of customers served during the 2-hour period;
b)The percentage of customers who arrived at the bank and left because the buffer line was full;
c)The utilization of the teller (% of time working)during the 2-hour period;

Grasp the significance of the Charter in guaranteeing rights for Canadians and its influence on employment law.

Identify the role of HR professionals in complying with human rights investigation processes and the consequences of obstruction.

Appreciate the goals and steps involved in effectively implementing employment equity within organizations.

Understand the concept and purpose of targeted recruitment as a special measure to address employment inequities.

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Definitions:

Prior Period Adjustments

Corrections made to a company's financial statements for errors or omissions in previously reported periods.

Revaluation Surplus

The increase in value of an asset, reflected in the company's financial statements, from re-assessing its carrying value to a higher current market value.

Treasury Stock

Shares that were issued and then repurchased by the issuing company, reducing the amount of outstanding stock on the open market.

Classification

The systematic arrangement of business transactions and accounts in categories or groups based on similar characteristics for financial reporting and analysis.