Suppose Students Arrive at an Advising Office at a Rate

question 54

Multiple Choice

Suppose students arrive at an advising office at a rate of 30 per hour.Which of the following distributions would you use to determine the probability that the next two students will arrive 30 minutes apart?

• A)Normal distribution.
• B)Poisson distribution.
• C)Uniform distribution.
• D)Exponential distribution.

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Definitions:

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it, and convert the sale back into cash. It reflects the efficiency of a company's inventory management and sales processes.

Inventory Cycle

The inventory cycle involves the process from purchasing goods for inventory to selling them to customers, and is key in determining the efficiency of a company's inventory management.

Credit Terms

The conditions under which credit will be extended to a borrower, including the repayment schedule and interest rates.

Comparison Shopping

The practice of comparing prices and features of products or services to find the best deal or value before making a purchase.