The Owner of an Amusement Park Has Decided to Open

question 6

Multiple Choice

The owner of an amusement park has decided to open a second entry booth and hire another employee to service customers entering the park.Customers arrive at the rate of 20 per hour and will wait in a single line until one of the two employees is available to provide service.The average service time of both employees is 2 minutes to provide service.The arrival rate follows Poisson distribution,and the service time follows a negative exponential distribution.Determine the probability that no customers are there in the system.

• A)50%
• B)60%
• C)70%
• D)45%

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Definitions:

Upward-sloping

A term used in economics to describe a curve that represents an increase in one variable as another variable increases, often used in the context of supply curves.

Preferences

Individual choices or tastes regarding various bundles of goods and services.

Consumer Choice

The decision-making process by which individuals select from available alternatives to maximize their satisfaction.

Income Rises

An increase in the amount of money earned from work, investments, or other sources over a period of time.