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:

Assignee

A person or entity to whom rights or interests are transferred by another, known as the assignor.

Creditors

Individuals or entities that are owed money or other obligations by debtors.

Judicial Lien

A court order that allows a creditor to satisfy a debt by seizing the property of the debtor.

Creditor

An entity (person or institution) that lends money or extends credit to another party, expecting to be repaid in the future.