If an Average of 12 12 Customers Are Served Per

question 24

Multiple Choice

If an average of 12 12 customers are served per hour,what is the probability that the next customer will arrive in 6 minutes or less?

• A)0.61
• B)0.30
• C)0.70
• D)0.39

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Definitions:

Void Contract

A legal agreement that is invalid from the outset and has no legal effect, therefore cannot be enforced by law.

Voidable Contract

A legal agreement that may be invalidated or annulled by one or more of the parties involved due to certain conditions.

Privity of Contract

The principle that a contract is a private agreement between the parties who have entered into it, and no one else can claim benefits or be subjected to its obligations.

Voidable Contract

A legal agreement that may be declared invalid by one party due to certain conditions such as misrepresentation or lack of consent.