Using the information below,determine the following:
(i)processing sequence using (1)SPT and (2)EDD and (3)MST rules
(ii)average flow time and average job lateness under each rule
Definitions:
Inflation Rates
The pace at which overall prices for goods and services climb, diminishing the value of money.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Interest Rate
The percentage charged by a lender to a borrower for the use of assets, reflecting the cost of borrowing money.
Future Payment
A payment that is scheduled to be made at a specified date in the future.
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