An Automobile Emissions Testing Center Has Three Inspectors and Tests

question 21

Multiple Choice

An automobile emissions testing center has three inspectors and tests 35 vehicles per hour. What should the service rate be in order to achieve a target utilization of 95 percent

• A) More than 1 but less than or equal to 5 vehicles per hour
• B) More than 5 but less than or equal to 10 vehicles per hour
• C) More than 10 but less than or equal to 15 vehicles per hour
• D) More than 15 but less than or equal to 20 vehicles per hour

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Definitions:

Annuities

An investment product sold by financial institutions that pays out a fixed stream of payments to the individual, and is often used as an income stream for retirees.

Compute

To calculate or determine by mathematical means.

Compounded Semiannually

Refers to the process of calculating interest on both the initial principal and the accumulated interest over two periods within a year.

Withdraw Every Six Months

A financial term that refers to the process of taking money out of an account or investment at semiannual intervals.