A Distribution of Service Times at a Waiting Line Indicates

question 67

Multiple Choice

A distribution of service times at a waiting line indicates that service takes 12 minutes 30 percent of the time and 14 minutes 70 percent of the time. In preparing this distribution for Monte Carlo analysis, the service time 13 minutes would be represented by what random number range?

• A) 00 through 29
• B) 01 through 30
• C) 30 through 99
• D) 31 through 00
• E) None of these; 13 minutes is not a possible outcome.

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Definitions:

Treasury Stock

Securities initially released and afterward repurchased by the issuer, lessening the total shares actively traded in the market.

Reissued

When a previously issued stock or bond is sold again by the corporation, often after being bought back from the market.

Paid-In Capital

The total amount of money shareholders have invested in a company in exchange for equity, including shares at par value and additional paid-in capital.

Treasury Stock

Treasury stock refers to shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.