Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 5. smalltown taxi operates one vehicle during the

5. Smalltown Taxi operates one vehicle during the 9:00 A.M. to 5:00 P.M. period. Currently,...

80.2K

Verified Solution

Question

Accounting

image

5. Smalltown Taxi operates one vehicle during the 9:00 A.M. to 5:00 P.M. period. Currently, consideration is being given to the addition of a second vehicle to the fleet. The demand for taxis follows the distribution shown: The distribution of time to complete a service is normally distributed with mean 25 minutes and standard deviation 5 minutes. Simulate 20 individual days of operation of the current system and the system with an additional taxicab using MS-Excel. Compare the two systems with respect to the waiting times of the customers and any other measures that might shed light on the situation

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students