A Waiting-Line System That Meets the Assumptions of M/M/S Has

question 83

Multiple Choice

A waiting-line system that meets the assumptions of M/M/S has λ = 5, μ = 4, and M = 2. For these values, P_o is approximately 0.23077, and L_s is approximately 2.05128. What is the average time a unit spends in this system?

• A) approximately 0.1603
• B) approximately 0.2083
• C) approximately 0.4103
• D) approximately 0.8013
• E) Cannot be calculated because λ is larger than μ.

---

Definitions:

Indemnity Contracts

Agreements that provide protection or security against potential loss or damage, often requiring one party to compensate the other for any loss or damage incurred.

Property Insurance Policies

Contracts that provide financial reimbursement to the owner or renter of a structure and its contents, in case of damage or theft.

Insurable Interest

A requirement that a person seeking to purchase insurance has a legitimate interest in safeguarding the item or life being insured from loss or damage.

Market Value

The amount for which something can be sold on a given market at a specific time.