Which of the Following Is not an Assumption of the M/M/1

question 130

Multiple Choice

Which of the following is not an assumption of the M/M/1 model?

• A) The first customers to arrive are the first customers served.
• B) Each arrival comes independently of the arrival immediately before and after that arrival.
• C) The population from which the arrivals come is very large or infinite in size.
• D) Customers do not renege.
• E) Service times occur according to a normal curve.

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Definitions:

Pension Expense

The annual cost recognized by an employer for its contributions to employees' retirement plans, reflecting the cost of benefits earned by employees during the year.

Pension Funding

The process of allocating financial resources to a pension plan to meet future obligations to retirees.

Upcoming Year

Refers to the next calendar or fiscal year that is approaching and for which plans, budgets, or forecasts are being prepared.

Marginal Income Tax Rates

The percentage of tax applied to your income for each tax bracket in which you qualify.