Examlex

Solved

Exhibit 12.5 The Following Questions Use the Information Below

question 84

Multiple Choice

Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem. Exhibit 12.5 The following questions use the information below. The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.     -The standardized queuing system notation such as M/M/1 or M/G/2 is referred to as A)  Kendall notation. B)  Erlang notation. C)  Poisson notation. D)  Queuing notation. Exhibit 12.5 The following questions use the information below. The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.     -The standardized queuing system notation such as M/M/1 or M/G/2 is referred to as A)  Kendall notation. B)  Erlang notation. C)  Poisson notation. D)  Queuing notation.
-The standardized queuing system notation such as M/M/1 or M/G/2 is referred to as


Definitions:

Pupil

The pupil is the black circular opening in the center of the iris of the eye, which regulates the amount of light that enters the eye.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter and size of the pupil and thus the amount of light reaching the retina.

White

A color perceived when light contains all the wavelengths of the visible spectrum at equal intensity.

Colored Part

Referring to the iris, the colored portion of the eye surrounding the pupil that controls the amount of light entering the eye.

Related Questions