(e) What is the probability that a customer gets and does not have to wait? babi

Question

(e) What is the probability that a customer gets and does not have to wait? bability that a customer gets immediate attention ANSWER () The arrival rate of calls is 60 calls per hour. If the office is open 8 hours a day, what is the expected number of customers denied service per day? (g) The average revenue per customer is $120. Estimate lost revenue per day due to service denial. Problem Set #1-Break-even analysis (a)Dr. Aleda Roth, prolific author, is considering starting her own publishing company. She'll call it DSI Publishing, Inc. Her estimated costs are: $250,000 Fixed Variable cost per book $20 Selling price per book30 How many books must DSI sell to break even? What is the break- even point in dollars? SHOW YOUR WORK:

Explanation / Answer

Which problem to be solved is not specified.

1. a) Break even point=Fixed expense/ Contribution margin per book

=250000/(30-20)

=250000/10

=25000

b) 250000+75000/(30-20)=32500

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