Which of the Following Statements Is FALSE About Interarrival Time

question 77

Multiple Choice

Which of the following statements is FALSE about interarrival time?

• A)It is the elapsed time between one customer arrival and the next.
• B)It is a continuous random variable.
• C)It is a variable whose numerical outcomes can be counted.
• D)It is used in analyzing arrival patterns.

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Definitions:

Expense Account(s)

Accounts used to record the costs incurred in the operation of a business, such as rent, utilities, and salaries, which are used to calculate net income.

Assets

Resources owned by a business that have economic value and can be used to meet debts or commitments.

Companionship

A close relationship between individuals where they share company and support, often providing emotional comfort and friendship.

Widowed

Refers to the status of a person whose spouse has died and who has not remarried.