A Waiting Line Meeting the Assumptions of M/M/1 Has an Average

question 105

Multiple Choice

A waiting line meeting the assumptions of M/M/1 has an average time between arrivals of 15 minutes, and it services items in an average of 10 minutes each. What is the utilization factor?

• A) 0.25
• B) 0.33
• C) 0.50
• D) 0.67
• E) 1.50

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Definitions:

Inventory

The quantity of goods or materials on hand at a particular time, held by a business to support production or meet customer demand.

Predictable Variability

Predictable variability refers to fluctuations in data, processes, or systems that, although variable, can be forecasted or anticipated based on historical patterns.

Trade Promotions

Marketing activities executed to increase product demand, typically through discounts or special offers to retailers or wholesalers.

Subcontracting

The practice of hiring a third party to perform tasks, provide services, or conduct operations that are normally or could be done in-house.