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Scenario B.1 A Single Ticket Taker Can Tear Tickets and Direct Movie

question 101

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Scenario B.1
A single ticket taker can tear tickets and direct movie patrons to their seats at a rate of 90 per hour.Customers arrive every minute for assistance and always wait,regardless of how long the line gets.Arrivals are governed by the Poisson distribution and service is governed by the exponential distribution.
-Use the information in Scenario B.1.What is the average combined time a customer waits in line and spends being seated by the ticket taker?


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Weighted-average Shares

A calculation used in financial reporting to compute the average number of shares outstanding during a period, adjusting for any stock splits or dividend issues.

Net Income

The total profit of a company after all expenses, including taxes and operating expenses, have been subtracted from total revenue.

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A formal announcement by a company's board of directors to pay dividends to shareholders, specifying the amount and payment date.

Declaration Date

The date on which a company's board of directors announces the issuance of a dividend to its shareholders.

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