If the Average Service Rate Is 15 Minutes Per Customer,and

question 43

Multiple Choice

If the average service rate is 15 minutes per customer,and assuming the negative exponential distribution is used to describe the randomness of the service time distribution,then determine the probability that the service time will be less than or equal to 10 minutes.

• A)​zero
• B)​0.49
• C)​0.28
• D)​0.62

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Definitions:

Effective

The degree to which something is successful in producing a desired or intended result.

Forward Integration

A business strategy where a company controls the distribution and sale of its products by moving downstream in the supply chain.

Diversification

A risk management strategy that involves expanding a company's operations by adding new products, services, or markets to its existing portfolio.

Market Penetration

Strategies aimed at increasing the market share of an existing product, or promoting a new product, through aggressive marketing and sales approaches.