Table 13-4 A Pawn Shop in Arlington,Texas,has a Drive-Through Window to Better

question 38

Multiple Choice

Table 13-4
A pawn shop in Arlington,Texas,has a drive-through window to better serve customers.The following tables provide information about the time between arrivals and the service times required at the window on a particularly busy day of the week.All times are in minutes. The first random number generated for arrivals is used to tell when the first customer arrives after opening.
-According to Table 13-4,the time between successive arrivals is 1,2,3,or 4 minutes.The store opens at 8:00 a.m. ,and random numbers are used to generate arrivals and service times.The first 3 random numbers to generate arrivals are 09,89,and 26.What time does the third customer arrive?

• A)8:07
• B)8:08
• C)8:09
• D)8:10
• E)None of the above

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Definitions:

Cost Variance

The difference between the budgeted cost of work performed and the actual cost of work performed on a project.

Estimate To Complete

A financial analysis projecting the cost required to finish a project based on its current status and past performance.

Parametric Estimates

Estimation technique using statistical relationships between historical data and variables to calculate cost, duration, and resource requirements.

Parameters

A set of boundaries or limits that define the scope and operating conditions of a system, project, or experiment.