In the M/M/1 Waiting Line Model with an Arrival Rate

question 49

True/False

In the M/M/1 waiting line model with an arrival rate of 2 per hour and a service rate of 6 per hour,the utilization factor for the system is approximately 0.333.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be paid back.

Cumulative Preferred Stock

Cumulative Preferred Stock is a type of preferred shares that have a provision entitling shareholders to receive dividends that were missed in the past before any dividends are paid to common shareholders.

Fully Participating

Refers to a type of preferred stock or other securities that entitle holders to receive additional dividends beyond a specified amount if certain conditions are met.

Stock Dividend

A stock dividend is a dividend payment made in the form of additional shares rather than a cash payout, increasing the number of shares owned while diluting the value of each share.