Let Us Assume the Average Number of Customers Served Per

question 37

Multiple Choice

Let us assume the average number of customers served per hour is five customers.What is the probability that the service exceeds 1 hour for any customer?

• A)0.67%
• B)1.23%
• C)0.98%
• D)9.00%

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Definitions:

Convertible Bonds

Debt securities issued by a corporation that can be converted into a specified number of shares of the issuing company's stock.

Conversion Price

Stating the conversion ratio along with the bond’s par value.

Fixed Number

A specific, unchanging quantity or value, often used in contexts requiring precise, constant measurements or counts.

Secured Bonds

Bonds that are backed by collateral, such as real estate or other assets, to reduce the risk of default to investors.