At a Local Fast-Food Joint,cars Arrive Randomly at a Rate

question 117

Multiple Choice

At a local fast-food joint,cars arrive randomly at a rate of 12 every 30 minutes.The fast food joint takes an average of 2 minutes to serve each arrival.The utilization factor for this system is

• A)0.467.
• B)0.547.
• C)0.800.
• D)0.133.
• E)None of the above

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Definitions:

Impostor Rule

A legal principle that holds a person pretending to be someone else liable for the deception if it results in harm or loss.

Negotiable Instrument

A written agreement promising to pay a designated sum of money, either upon request or at a fixed future date, with the obligor's name mentioned on the document.

Indorsement in Trust

A specification on a negotiable instrument where the indorsement indicates that the endorsee has trustee status, making them responsible for managing the instrument according to trust terms.

Bearer Instrument

A negotiable financial instrument that designates payment to whoever holds the instrument, not requiring ownership to be registered with the issuer.