Use This Information to Answer the Following Questions -Refer to the Table

question 25

Multiple Choice

Use this information to answer the following questions.
$\begin{array}{l|c}\text { Number of Servers } & 1.0 \\\text { Arrival Rate } & 7.00 \\\text { Service Rate } & 10.00 \\\mathrm{P}(0) \text {, probability that there are no customers in the system } & 30 \% \\\mathrm{Lq} \text {, average length of the queue } & 1.63 \\\mathrm{~W} \text {, average time in the system } & 0.33 \\\mathrm{~L} \text {, average number of customers in the system } & 2.33 \\\mathrm{Wq}, \text { average time in the queue } & 0.23 \\\text { Utilization factor of the system } & 70 \% \\\hline\end{array}$

-Refer to the table.What is the average number of customers in the queue plus the number being served?

• A)0.70
• B)2.33
• C)1.63
• D)0.23
• E)0.33

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Definitions:

Endowment Effect

The phenomenon where individuals value an owned item more than a similar item they do not own.

Gains

An increase in wealth, utility, or value resulting from an economic transaction or activity.

Losses

The shortfall that occurs when total costs exceed total revenues in a business operation, resulting in negative profit.

Availability Heuristic

A cognitive shortcut based on the first examples that spring to mind when considering a particular subject, idea, strategy, or choice.