Solve the System of Equations by the Addition Method $\left\{ \begin{array} { l } \frac { x } { 7 } + \frac { y } { 14 } = 1 \\\frac { x } { 2 } - \frac { y } { 4 } = 0\end{array} \right.$

question 120

Multiple Choice

Solve the system of equations by the addition method.
- $\left\{ \begin{array} { l } \frac { x } { 7 } + \frac { y } { 14 } = 1 \\\frac { x } { 2 } - \frac { y } { 4 } = 0\end{array} \right.$

• A) no solution
• B) \(\left( 7 , \frac { 7 } { 2 } \right)\)
• C) infinite number of solutions
• D) \(\left( \frac { 7 } { 2 } , 7 \right)\)

Identify the assumptions not applicable to the M/M/1 model.

Calculate the average number of entities in the system under various waiting line models.

Compute service factors and utilization factors in finite and infinite population models.

Understand the impact of the service rate and arrival rate on system utilization and queue lengths.

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Definitions:

Exercise Price

The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security.

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

In-The-Money

A term describing an option contract that has intrinsic value, meaning it would be profitable to exercise the option immediately.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a predetermined price within a specified time period.