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Exhibit 12.5 The Following Questions Use the Information Below

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Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem. Exhibit 12.5 The following questions use the information below. The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.     -Which of the following is a reason to employ queuing theory? A)  To reduce customer wait time in line. B)  To reduce service times. C)  To generate more arrivals to the system. D)  To reduce worker idle time in line. Exhibit 12.5 The following questions use the information below. The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.     -Which of the following is a reason to employ queuing theory? A)  To reduce customer wait time in line. B)  To reduce service times. C)  To generate more arrivals to the system. D)  To reduce worker idle time in line.
-Which of the following is a reason to employ queuing theory?


Definitions:

Consciousness of Kind

A sociological term referring to the awareness and sense of connection individuals feel towards others who share similar attributes or identities.

Moral Responsibility

An obligation to act righteously and to make decisions that are ethically sound, often considering the impact on society, the environment, and stakeholders.

Shared Rituals

Collective activities or practices commonly adopted by a brand's community, strengthening bonds and enhancing brand identity.

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