Priority :Average Arrival Rate (Exponential Interarrival Times)

question 42

Multiple Choice

Priority :Average Arrival Rate (exponential interarrival times)
High : 3 per hour
Low : 5 per hour
Number of servers: 5
Service rate: 2 per hour (exponential service times)
-What is the average number of all items waiting in line for service?

• A)0
• B)0 24
• C)1 74
• D)1 98
• E)2 22

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Definitions:

Compounded Monthly

Interest calculation method where interest is added to the principal each month, increasing the amount on which subsequent interest is calculated.

RRSP

A Registered Retirement Savings Plan that allows individuals in Canada to save for retirement on a tax-deferred basis.

Annuity Payment

A fixed amount of money paid to someone each period, typically for the rest of their life or for a fixed number of years, as part of an annuity contract.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding period being the same as the payment period.