A Queuing Model Which Follows the M/M/1 Assumptions Has λ

question 110

Multiple Choice

A queuing model which follows the M/M/1 assumptions has λ = 2 and μ = 8. The average number in the system L_s is __________ and the utilization of the system is __________.

• A) 3; 100 percent
• B) 0.33; 25 percent
• C) 4; 33 percent
• D) 6; 25 percent
• E) 4; 25 percent

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Definitions:

Standard Cost

A predetermined cost of manufacturing, delivering, or producing goods or services under normal conditions.

Variance Accounts

Financial accounts used to record the differences between planned and actual figures in budgeting and accounting.

Favorable Variances

Differences between planned and actual performance that result in a better-than-expected financial outcome.

Materials Price

The cost associated with acquiring raw materials required for production or manufacturing processes.