Exhibit 13.6 The Following Questions Refer to the Information and Output Below

question 13

Essay

Exhibit 13.6
The following questions refer to the information and output below.
The university computer lab has 10 computers which are constantly being used by students. Users need help from the one lab assistant fairly often. Students ask for help at a Poisson rate of with an average of 4 requests per hour for any one computer. The assistant answers questions as quickly as possible and the service time follows an exponential distribution with mean of 1 minute per help session. The following queuing analysis spreadsheet was developed from this information.
-Customers arrive at a store randomly, following a Poisson distribution at an average rate of 20 per hour. What is the probability of exactly 0, 1 2, and 3 arrivals in a 15 minute period?

---

Definitions:

Discount Date

The specified date by which a payment can be made at a reduced rate or a debt settled to avail a discount.

Due Date

The due date is the specified day when a payment, task, or submission is required to be completed or paid.

Remittance

The act of sending money in payment or as a gift.

Discount Period

The time frame during which a payment can be made with a discount for early payment or the period before a financial instrument's maturity.