In the Basic Queuing Model (M/M/1), What Probability Distribution Describes

question 24

Multiple Choice

In the basic queuing model (M/M/1) , what probability distribution describes arrival rates?

• A) continuous
• B) normal
• C) negative exponential
• D) Poisson
• E) lognormal

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Definitions:

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, leading to competition based on product differentiation, prices, and marketing.

Perfect Competition

A market structure characterized by a large number of sellers and buyers, homogeneous products, and no barriers to entry or exit.

Product Differentiation

A marketing strategy that businesses use to distinguish their product from similar offerings on the market.

Perfect Competition

A market structure characterized by many firms, freedom of entry and exit, homogeneous products, and perfect knowledge, leading to price taking behavior.