Use the Information Below to Answer the Following Question(s)

question 10

Multiple Choice

Use the information below to answer the following question(s) .
A steady stream of eager fresh-faced students waits in line to register for classes before the start of fall semester classes.Students arrive at the rate of 10 per hour and it takes the single clerk on duty an average of 3 minutes to check their student status,and register them for classes.The service time is exponentially distributed.
-What is the average utilization of the server?

• A)25%
• B)50%
• C)75%
• D)90%

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Definitions:

Leasing

An arrangement where one party, the lessor, grants the other party, the lessee, the right to use an asset for a specified period in exchange for periodic payments.

Buying

The process of acquiring goods, services, or financial assets in exchange for money.

Financing

The process of providing funds for business activities, making purchases, or investing.

Leasing

A financial arrangement where one party pays another for the use of an asset for a specific time period.