If the Average Number of Customers Served Per Hour Is

question 4

Multiple Choice

If the average number of customers served per hour is two customers per hour,then the probability that the service exceeds 9 minutes for any customer is ______.

• A)74.1%
• B)54.9%
• C)36.8%
• D)17.4%

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Definitions:

Opportunity Cost

The expense incurred by not selecting the second best choice while making a decision or opting among alternatives.

Debt Default

The failure to meet the legal obligations of a loan, such as not making scheduled payments on time.

U.S. Federal Budget

The government's estimate of revenue and spending for a fiscal year that is proposed by the President and approved by Congress.

Federal Deficits

The shortfall where the government's expenditures exceed its revenues within a specific fiscal year.