The Z Value Corresponding to a Probability of 95% Is

question 55

Multiple Choice

The Z value corresponding to a probability of 95% is close to ______.

• A)1.65
• B)1.95
• C)2.65
• D)2.95

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Definitions:

M/M/1

A basic model in queueing theory representing a system with a single server, where arrivals and service times are both exponential (Markovian), and there is a single queue.

Arrival Rate

In queuing theory, the average rate at which tasks, customers, or entities arrive at a service station or system.

Queuing System

The method by which queues of customers or items are managed by an entity, focusing on order service, wait times, and allocation of resources.

Utilization Rate

The percentage of capacity or capability that is being used effectively at a given time.