If an Average of 12 Customers Are Served Per Hour,what

question 7

Multiple Choice

If an average of 12 customers are 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:

Opportunity Cost

The deficit of potential benefits that could be reaped from alternative options when one is picked.

Dollar Value

The worth of an item, service, or amount of money expressed in terms of the United States dollar currency.

Federal Income Tax

A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

National Sales Tax

A tax imposed by the government on sales of goods and services, collected at the point of sale and paid by the final consumer.