A small video store currently owns 9 copies of the DVD IA????1m Number 4. Every day, 15 customers (o

We're the ideal place for homework help. If you are looking for affordable, custom-written, high-quality and non-plagiarized papers, your student life just became easier with us. Click either of the buttons below to place your order.


Order a Similar Paper Order a Different Paper

A small video store currently owns 9 copies of the DVD IA????1m Number 4. Every day, 15 customers (on average) come to the store to rent this movie. If the movie is not on the shelf, they leave and go to a competing store without waiting. The average rental duration is 36 hours. Each rental costs $5 (i.e., $5 per rental for the whole rental period, not per day).
(a) What is the probability that a customer going to the video store will ?nd the movie available?
(b) How much revenue does the store make per day from this movie?
(c) Assume the demand for the movie will stay the same for a su?ciently long period of time, and it costs $50 to purchase a copy of this movie. What would be the payback time for purchasing an additional copy of the movie, increasing the total number of copies owned to 10?

Writerbay.net

Do you need academic writing help? Our quality writers are here 24/7, every day of the year, ready to support you! Instantly chat with a customer support representative in the chat on the bottom right corner, send us a WhatsApp message or click either of the buttons below to submit your paper instructions to the writing team.


Order a Similar Paper Order a Different Paper
Writerbay.net