Use the Data Given Below to Answer the Following Question(s)

question 10

Multiple Choice

Use the data given below to answer the following question(s) .
In an FCFS single server queuing discipline,the mean arrival rate is 12 customers/minute and the mean service rate is 14.5 customers/minute.
-What is the average number of customers in the system?

• A)0.17
• B)0.40
• C)4.80
• D)3.97

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Definitions:

Initial Investment

The amount of money used to start a venture or project.

Tax-deferred

Pertaining to investments, savings, or accounts that allow earnings to accrue without being subject to immediate tax until a later date.

Annuity

An annuity is a financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Compounded Monthly

Interest calculation method where interest is added to the principal balance monthly, allowing the interest to earn interest each month.