A Queuing System Where Customers Join a Single Line and Then

question 21

Multiple Choice

A queuing system where customers join a single line and then are served by the first available server are said to be:

• A) in parallel 
• B) in series 
• C) random 
• D) networked

Explain the function and importance of budgetary control in business operations.

Identify the roles and classifications of responsibility centers.

Assess and respond to ethical considerations in managerial decisions related to budgeting and performance evaluation.

Understand how to calculate and interpret return on investment (ROI).

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Definitions:

Independent Events

Two events are considered independent if the occurrence of one does not affect the probability of occurrence of the other.

Simultaneously

Occurring, operating, or done at the same time; often used in statistical contexts to describe events or processes that happen concurrently.

Complement

In probability and statistics, it refers to the event of something not happening, the counterpart to the occurrence of a specific event.

Independent

Two events are independent if the occurrence of one does not affect the probability of the occurrence of the other.