A Suburban Specialty Restaurant Has Developed a Single Drive-Thru Window

question 113

Multiple Choice

A suburban specialty restaurant has developed a single drive-thru window.Customers order,pay,and pick up their food at the same window.Arrivals follow a Poisson distribution while service times follow an exponential distribution.If the average number of arrivals is 6 per hour and the service rate is 2 every 15 minutes,what is the average number of customers waiting in line behind the person being served?

• A)0.50
• B)0.75
• C)2.25
• D)3.00
• E)None of the above

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Definitions:

Exchange Gain

The profit resulting from foreign exchange transactions and the fluctuation in exchange rates, realizing a higher value in the home currency.

Net Loss

The amount by which total expenses exceed total revenues for a business during a specific period, indicating a financial loss.

Spot Rate

The current exchange rate at which a currency can be bought or sold for immediate delivery.

Exchange Gains

arise from holding foreign currencies and result from favorable changes in exchange rates, leading to an increase in the domestic currency value of the foreign currencies held.