The Assumption of Exponentially Distributed Service Times Indicates That

question 53

Multiple Choice

The assumption of exponentially distributed service times indicates that

• A)37% of the service times are less than the mean service time.
• B)50% of the service times are less than the mean service time.
• C)63% of the service times are less than the mean service time.
• D)service time increase at an exponential rate as the waiting line grows.

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Definitions:

Writing Requirement

A legal principle that certain kinds of contracts must be in writing to be enforceable.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed by the parties involved to be enforceable.

Debt of Another

Debt of another involves liabilities or obligations that one party assumes on behalf of another party, typically through a guarantee or cosigning arrangement.

Uniform Electronic Transactions Act

A law adopted by many states in the U.S., which gives legal validity to electronic signatures and records in commercial transactions.