Answer Happy

QUESTION 2 1. A call center company would like to study the enquiries transactional time using simulation to identify a variety of operating characteristics. As part of the study, data was collected on calls processing time as given in the following table. 12 Processing time (minutes)x Pr.(x) 2 0.14 6 0.14 7 0.48 If the generated random number r= 0.43 , calculate the simulated processing time (in minutes) that would be used to simulate the processing time
QUESTION 3 Suppose that the profit function for a product can be calculated as follows: Profit =((300-C1-C2) *X)-10000 Where X=labor cost/unit Y= parts cost /unit D=Demand Assume that labor costs could range from $43 to $47.1 per unit, ahd parts cost range from $81.4 to $93.3 per unit, and annual demand could range from 15.2 to 263 units what is the best-case scenario profit?