A Multiple-Server System Has Customers Arriving at an Average Rate

question 17

Multiple Choice

A multiple-server system has customers arriving at an average rate of five per hour and an average service time of forty minutes The minimum number of servers for this system to have a utilization factor under 1 is:

• A)2
• B)3
• C)4
• D)5
• E)None of the above

Apply the chi-squared test for goodness-of-fit and for contingency tables, understanding the interpretation of the test statistic and p-value.

Comprehend the rule of 5 for expected cell frequencies in contingency tables.

Understand the concept of degrees of freedom and its calculation for chi-squared tests.

Differentiate between dependent and independent events in probability.

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Definitions:

Diminishing Marginal Utility

The principle that as a consumer consumes more of a good or service, the additional satisfaction gained from each additional unit decreases.

Command Systems

Economic systems where the government or a central authority makes all decisions about what goods and services are produced, how they are produced, and who gets them.

Pure Capitalism

An economic system characterized by private property rights and the market allocating resources with little government intervention.

Laissez-Faire Capitalism

Laissez-Faire Capitalism is an economic system where private parties are free from government intervention like regulations, privileges, tariffs, and subsidies, with property rights upheld.