What is the hourly service rate for one server at station A?
A lower level of income causes the demand for money to _____…
A lower level of income causes the demand for money to ________ and the interest rate to ________, everything else held constant.
If peanuts serve as a medium of exchange, a unit of account,…
If peanuts serve as a medium of exchange, a unit of account, and a store of value, then peanuts are
Assuming that there is no request currently, what is the val…
Assuming that there is no request currently, what is the value of the expected time in minutes until the company receives at least one request of both Ride-X and Ride-Pool? Show your work. (Hint: It would be the expected time until a request is received and then the expected time until a request of the different type from the first arrival is received.)
A discount bond selling for $15,000 with a face value of $20…
A discount bond selling for $15,000 with a face value of $20,000 in one year has a yield to maturity of: Use this formula: (F-P)/P = i, where F = face value, P = purchase price, i = yield to maturity
Transient states are
Transient states are
It is 6 AM now and the company starts to count the number of…
It is 6 AM now and the company starts to count the number of Ride-X requests. The following is the probability that the 50th Ride-X request comes after 8 AM:
The lipids in oil seeds are stored in the __________________…
The lipids in oil seeds are stored in the __________________
It is 6 AM now and the company starts to count the number of…
It is 6 AM now and the company starts to count the number of requests (either Ride-X or Ride-Pool). What is the expected time (in minutes) between requests? Show your work.
Section G (Questions 25 ~ 27): Taxis looking for customers a…
Section G (Questions 25 ~ 27): Taxis looking for customers arrive at a taxi station as a Poisson process with rate 1 per minute, while customers looking for taxis arrive as a Poisson process with rate 1.25 per minute. Suppose taxis will wait, no matter how many taxis are in line before them. However, customers who arrive to find 2 other customers in line go away immediately. We will set up a Markov chain with states {2, 1, 0, -1, -2, ….} as states. State 2 means two customers waiting at the taxi station; state 1 means one customer waiting at the taxi station; state -1 means one taxi waiting at the taxi station; state -2 means two taxis waiting at the taxi station and so on.