The credit union is now considering adding a third teller (in the form of an M/M/3) with the goal of solving the following argument: arg min $15s + $11E [L,) E(2,3) Recall the term "arg min" or "argument of the minima" gives the solution s such that the function f (s) = $15s + $11E[L4] attains its minimum value. Before solving this problem, what is the utilization p for s=3? (Hint: remember that A and u were given in the opening scenario.) O. 0.67 Ob. 04 Oe 05 Od. 0.33 Considering s, what is the average time (minutes) spent in the system, E[W]? Oa 30.1 minutes Ob. 10.7 minutes Oe 26.1 minutes 0d 13 minutes

The credit union is now considering adding a third teller (in the form of an M/M/3) with the goal of solving the following argument: arg min $15s + $11E [L,) E(2,3) Recall the term "arg min" or "argument of the minima" gives the solution s such that the function f (s) = $15s + $11E[L4] attains its minimum value. Before solving this problem, what is the utilization p for s=3? (Hint: remember that A and u were given in the opening scenario.) O. 0.67 Ob. 04 Oe 05 Od. 0.33 Considering s, what is the average time (minutes) spent in the system, E[W]? Oa 30.1 minutes Ob. 10.7 minutes Oe 26.1 minutes 0d 13 minutes

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter13: best-practice Tactics: Game Theory

Section: Chapter Questions

Problem 14E

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