A Restaurant at a Popular Colorado Casino Provides Priority Service

question 46

Multiple Choice

A restaurant at a popular Colorado casino provides priority service to player's card holders. The restaurant has 10 tables or booths where customers may be seated. The service time (time a booth or table is occupied) averages 42 minutes once a party is seated. The customer arrival rate is 8 parties per hour, with the parties being equally divided between card holders and people without player's cards. On average, how much longer do parties without player's cards spend in the system, compared to parties with the player's cards?

• A)approx. 30 seconds
• B)approx. 4 minutes
• C)approx. 8 minutes
• D)approx. 32 minutes
• E)It is impossible to say without more information.

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Definitions:

Limited Life

Refers to the finite existence of a tangible or intangible asset or entity, emphasizing its bounded operational or functional period.

Limited Liability

A legal structure that limits the personal liability of the owners and shareholders of a company for the company's debts and actions.

Share Transferability

The ease with which shares of a company can be transferred or sold from one party to another.

Partnership

A legally recognized form of business where more than one individual partakes in managing and profit-sharing.