Twelve Customers Arrive at the Lunch Counter at George's Happy

question 77

Multiple Choice

Twelve customers arrive at the lunch counter at George's Happy Hog per hour and select the hickory smoked meat du jour along with a side and soda for $5. The server doubles as the cashier and can take and fill an order in three minutes on average. What is the likelihood that there is one customer in the system at the George's Happy Hog if the times can be assumed as exponentially distributed?

• A) 0.24
• B) 0.19
• C) 0.81
• D) 0.75

---

Definitions:

Net Exports

The difference between a country's total exports of goods and services and its total imports of goods and services over a specified period.

Samuelson

Refers to Paul Samuelson, a prominent economist known for his contributions to many fields of economics.

Solow

Refers to the Solow-Swan model, an economic model of long-term economic growth set within the framework of neoclassical economics that illustrates how a country's level of capital stock, labor force, and technology can affect its total output or GDP.

Aggregate Demand

The aggregate request for every product and service within an economy at a specified time and price point.