Scenario B.4 Customers Arrive at an Airline Ticket Counter at the Rate

question 52

Multiple Choice

Scenario B.4
Customers arrive at an airline ticket counter at the rate of 50 customers per hour, according to a Poisson distribution. There are three ticket agents. Customers select the first available agent from one line. Each agent can process 20 customers per hour with exponential service times.
-Use the information in Scenario B.4. What is the average waiting time in line?

• A) fewer than or equal to 3.5 minutes
• B) greater than 3.5 minutes but fewer than or equal to 4.5 minutes
• C) greater than 4.5 minutes but fewer than or equal to 5.5 minutes
• D) greater than 5.5 minutes

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Definitions:

Borrower Must

Obligations or conditions a borrower needs to fulfill as per the terms of the loan agreement.

Debt Covenants

Specific agreements entered into by a borrower and lender, included in the terms of a loan or bond issuance, which place restrictions on the borrower to protect the lender.

Repayment Capacity

An assessment of a borrower's ability to repay a loan based on their financial situation.

Mergers and Acquisitions

Business activities where companies purchase or combine with other companies to expand their operations or enter new markets.