In Waiting Line Problems,the Service Time Is Assumed to Follow

question 25

Multiple Choice

In waiting line problems,the service time is assumed to follow a probability distribution known as ______.

• A)discrete Poisson distribution
• B)binomial distribution
• C)normal distribution
• D)negative exponential distribution

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Definitions:

Exporter's Bank

A financial institution that provides services and financing to companies involved in exporting goods and services abroad.

Collecting Payment

The process of receiving money owed for goods or services provided.

Mutual Funds

Pooled and repackaged shares of various stocks—as well as other assets like bonds, real estate, and commodities—that allow individual investors to buy smaller stakes in more companies.

Spreading Investment Capital

The strategy of diversifying investments across different assets, industries, or geographic regions to reduce risk.