What is the probability that the fifth visit is the first one to LWBS?

Consider the visits that result in leave without being seen (LWBS) at an emergency department in Example 2.6. Assume that people independently arrive for service at hospital l.
a. What is the probability that the fifth visit is the first one to LWBS?
b. What is the probability that either the fifth or sixth visit is the first one to LWBS?
c. What is the probability that the first visit to LWBS is among the first four visits?
d. What is the expected number of visits until the third LWBS occurs?

Explain the relevance of SSAE 18 and what does it report on.

Using an Internet web browser, search for AICPA’s Statement on Standards for Attestation Engagements (SSAE) No. 18, and perform the following: a. Explain the relevance of SSAE 18 and what….

What is the most profitable level of output per week for the new product

ABC plc is about to launch a new product. Facilities will allow the company to produce up to 20 units per week. The marketing department has estimated that at a….

Calculate the unit selling prices which will: (a) maximise revenue; and (b) maximise profit.

B Ltd manufactures blodgets. It has been ascertained that the market for blodgets is follows:   ● at unit price £20, no blodgets are demanded or sold; ● at unit….