Suppose That a Fast-Food Restaurant Wants the Average Line to Be

question 70

Essay

Suppose that a fast-food restaurant wants the average line to be 4 customers and that 60 customers arrive each hour. How many minutes will the average customer be forced to wait in line?

---

Definitions:

Diversified Portfolio

An investment strategy that spreads investments across various asset classes to reduce risk and potential volatility.

Replacement Stock

Stock issued in exchange for an existing stock, often used in stock splits, mergers, or acquisitions to adjust shareholder holdings without changing overall equity.

Expected Return

The weighted average of all possible returns for an investment, where each outcome is weighted by its likelihood of occurrence.

Standard Deviation

A measure of the dispersion or variability of a set of data points from their mean; used in finance to gauge the volatility of an investment.