If an Average of 12 Customers Is Served Per Hour

question 33

Multiple Choice

If an average of 12 customers is served per hour, what is the probability that the next customer will arrive in 3 minutes or less?

• A) 0.55
• B) 0.30
• C) 0.45
• D) 0.39

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Definitions:

Audit Committee

A subcommittee of a company's board of directors responsible for overseeing financial reporting, audit processes, and compliance with laws and regulations.

Public Accounting Firm

A business organization that provides auditing, tax, consulting, and financial advisory services to clients.

Proxy

An authority to act on behalf of another person in voting or making decisions.

Directors

Individuals appointed or elected to the board of a corporation who are responsible for overseeing and guiding the company's policies and decisions.