A Finite Population Waiting Line Model Has an Average Service

question 51

Multiple Choice

A finite population waiting line model has an average service time T of 100 minutes and an average time between service requirements U of 400 minutes; the service factor X is

• A) 0.20
• B) 0.25
• C) 4
• D) 5
• E) 300 minutes

---

Definitions:

Most Favored Nation Principle

A principle that states that the World Trade Organization nations must apply the same privileges, advantages, and benefits to all other member nations in relation to similar imports.

World Trade Organization

An international organization designed to supervise and liberalize international trade by facilitating trade negotiations and resolving disputes among its members.

Honorable Surrender

The act of yielding or giving up rights, possessions, or position in a dignified manner rather than through coercion.

U.N. Convention

An international agreement formed under the auspices of the United Nations, addressing global issues and governing international law.